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Author: Monica Muir

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Monica Muir

Monica Muir is a Green Industry accounting expert with Muir & Associates.

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Getting to know your balance sheet

Learn what your balance sheet reveals about your business. The balance sheet is an important report in a business’ financial statements. Unfortunately, many small business owners never look at this report. Usually, it’s because they don’t understand the report or they think it doesn’t show them anything in terms of profitability. However, this is an […]

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Trouble tracking labor costs?

Consider these ideas that use accounting software. Keeping up with job costs is crucial for your business, but job labor is definitely one aspect of overall job costs to watch more closely. Following are considerations for tracking labor costs in six areas with your accounting software. Payroll. Do you outsource your payroll, do it in-house […]

Review your reports and software

During your offseason, review what’s worked and what hasn’t. One area you should review is finances—both your numbers and your software. The software contains information that guides many of your business decisions, as well as your taxes. Mistakes using that software can be costly, so reviewing your numbers tells you where you’re profitable and where […]

Integrating with QuickBooks: Does the software size up?

As a contractor who uses QuickBooks, you’ve seen the software has its limitations when it comes to the green industry. Needing other features yet not wanting to duplicate your work, you have probably looked at products that handle what you need and say they integrate with QuickBooks. Some software does a great job with integrating, […]

Get paid now

Who doesn’t want to have money coming in sooner? While there are generally accepted practices within any industry, changes in the following 10 areas could help quicken payment. 1. Invoice quickly. The sooner you send an invoice, the sooner you get paid. If you can automate your invoices, you can deliver them more quickly. Emailing […]

How do I improve my cash flow?

\Almost every business monitors cash closely, and they all seem to have their own systems. The following are 10 ways to help you improve cash flow in your business. 1. Monitor your cash on hand. This includes money that has come in and might not have been entered in the accounting system yet, as well […]

Increase your profitability by specializing

When you first open your business, you’re just thankful customers come your way.  Once you’ve been in business for a while, you realize that not every customer is a good fit for you. As I’m sure you know, it’s actually more profitable to be selective in the type of customer you serve and the type […]

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