Most small business owners hope to at least break even, right? Trouble is that one bad calculation on your part can turn your profits into losses in a puff of smoke. “Now you see ‘em… now you don’t!” Like the magician who forgot to load the rabbit, you’re left standing there holding an empty hat, when your audience (your staff) is counting on you to deliver.

Virtual bookkeeping can help your small business can do better than that.

When times are tight, an outsourced book keeping or outsource CPA service can give you the bookkeeping help you need, while helping you run your business at greater efficiency. It helps make your “break even” and your profitability easier to manage.

A basic break-even analysis is the number of units you need to sell in order to make a profit of zero. When your total revenue equals your total costs, you’re at break even. That’s the sweet spot – anything over that amount is the gravy that makes business profitable and worthwhile.

To make this easy for you, plug in your fixed and variable costs and other details into the free calculator tool at the Dashboard Accounting website,  www.DashboardAccounting.com (see “Resources” for “Financial Calculators” for the Sales Volume Break-Even Analyzer).

But use your best judgment here. As wonderful as our free calculator tools are, they may not give you the complete picture… especially if you don’t have solid data to feed into the equation. (It helps is you use bookkeeping firms or at least part-time bookkeeping to make sure your data is up to date and accurate.)

For instance, one area often underestimated without a small business accountant is your fixed costs (versus variable costs). This is the sum of all costs involved in producing any product at all. This fixed-cost number should include the salary you ought to be paying yourself. Also remember that the fixed cost amount does not change as sales/production volume increases or decreases. Consider it your core expenses.

Professional small business accounting is highly valuable to your business growth. Once you have a solid break-even analysis, your expectations become clear. You can create realistic goals… and then have “stretch goals.” You’ll know your “at least” amount you can afford to sell… and then your specific requirements for increase from there.

When you outsource bookkeeping, you’ll have professionals helping you to gather the details you need so your calculations are based on fact — and not on hunches and “guesstimates”. It gives you the edge you need – for less than you’d expect to pay for the quality support you receive.

For more information about accounting outsourcing service, and great calculators and other business tools, check out www.DashboardAccounting.com.

Why should small businesses outsource bookkeeping? Because most of them don’t have a dedicated Chief Financial Officer or Controller on staff, so they rely on the accounting done at the year-end.  At Dashboard Accounting, a small to mid-sized business gets to see their accounting information daily. This means no more waiting to get your information from your accountant putting you at least a month behind. When data errors are not caught and rectified within a short period of times, days (or weeks) of detailed backtracking may be required to fix the mistakes. If errors go uncaught and unfixed, by the time they are caught they might be too big to fix. A simple error could end up being an expensive error with the amount of hours wasted to backtrack, possibly hiring an outside contract specialist, and/or legal or taxation problems.

A solution has been created from Dashboard Accounting. They want to be the small business accountant department. They offer book keeping service, payroll services, QuickBooks training, controller services, and much more. There is an on board CPA, Staff Accountant and Quick book Pro Advisors.

Contact Dashboard Accounting today and see how they can help drive your business forward!

Many small business owners would like help with their bookkeeping.  Are you one of them?

Are you…

• Trying to complete your bookkeeping at night?
• Paying for a  full-time bookkeeper but are not able to supervise the bookkeeper?
• Paying for a part-time bookkeeper but do not understand the financial statements?
• Wondering if you could reduce your expenses with outsourced bookkeeping?
• Not using small business payroll services and do not fully understand payroll software?

Dashboard Accounting can handle your outsource bookkeeping needs at a fraction of the cost you are paying your bookkeeper.  There are many other benefits using Dashboard Accounting for your part-time bookkeeping requirements. 

A few of the benefits include…

• You will have your own Accounting Department expertise to assist you with your business.
• Your payroll services will be accurately completed, on time.
• In addition to bookkeeping help, Dashboard Accounting will assist you with interpreting your financial data.

To gain all the benefits of outsourcing your bookkeeping contact Dashboard Accounting today!

Virtual Bookkeeping is an important element for your payroll software small business process management.

Payroll software is good at managing your payroll, but you have probably heard the expression – Garbage In, Garbage Out.  You need to find a virtual bookkeeper that will take your business payroll data entry seriously and not make errors that could result in future fees and unexpected expenses.

Working with a bookkeeping firm, such as Dashboard Accounting, which is a bookkeeping Akron firm, has some huge advantages over just outsourcing bookkeeping to an individual.  For example, if you are outsourcing your bookkeeping to one person and they get ill or close their practice, what happens to your books?  A firm that specializes in outsource bookkeeping with local talent will give you the best of all worlds.  The costs will be lower than an in house book keeper.  The security of multiple, local bookkeepers gives you more peace of mind.  And in the case of Dashboard Accounting, having a certified CPA in Akron as an owner is a huge advantage.

If you would like to schedule a consultation with Dashboard Accounting to review small business payroll software, bookkeeping and Quickbooks services, Contact us.