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Send out customer statements on time so you can get paid .
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Never lose track of a customer invoice.
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Know exactly who's behind in paying you in order to resolve these
problems quickly.
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Never make another sale to a customer who isn't paying their bills.
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Never risk losing a customer because you didn't record their payments
properly .
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Accurately calculate interest, and collect it from overdue accounts.
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Reduce the need to borrow due to poor cash flow.
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Don't lose sales because you're out of stock on items.
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Avoid rush delivery charges to obtain out-of-state items.
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Don't waste money buying more of what isn't selling.
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Set your sales prices based on profit instead of guessing.
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Concentrate on selling the most profitable items instead of the easy
ones.
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Identify profitable cross-selling opportunities.
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Don't sell a product at a loss because you didn't take markdowns on time.
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Know which money-making product lines to expand, and which ones to drop
because they're money-losers.
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Find out if you have a theft problem before it's too late.
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Never pay a bill twice by mistake.
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Never lose a discount by paying a vendor late.
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Plan for your payment due dates and reduce the need to borrow.
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Maintain your good credit rating and keep your borrowing costs low.
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Obtain better credit terms based on your good payment history
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Know how much payroll and sales taxes you owe, in order to avoid
penalties and interest.
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Never write a bad check by mistake.
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Never pay another bad check service charge.
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Make sure all your cash receipts are credited to your account.
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Know when you have excess cash so you can put it to work.
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Keep track of all of your expenses in detail so you know which ones can
be cut back.
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Never spend beyond your budget.
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Get the maximum possible tax deductions for the expenses of running your
business.
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Learn how much profit you've made, and what your business is worth each
month, in order to: - Know when it's the right time to grow - Know when it's
the right time to hold back - Plan accurately for taxes - Save hundreds to
thousands of dollars on your year-end tax return - Comply with the reporting
requirements of any business loan - Respond immediately to any supplier's or
customers request for financial information.
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Figure your profit on a cash or accrual basis so that you pay the lowest
taxes
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If you keep track of revenues and costs by job or project (contractors,
landlords, attorneys, etc.); - Know on an ongoing basis which products are
profitable and which ones aren't - Get paid on time as you complete the job
Avoid working on projects where progress payments are behind .
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If you manufacture or assemble products (machine shops, bakeries,
clothing makers, etc.): - Know what it costs to make each item - Set a
selling price to cover your costs and achieve a fair profit - Know what
product lines to expand because they're profitable - Know what product lines
to drop because they're money-losers
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Call Now! WE CAN HELP!
Suffolk County: 631-610-8610
Nassau County:
516-991-0500
In today's competitive environment, information is power!
With these small business services, you'll receive valuable information to
improve your cash flow, control your operations, and reduce your taxes. It will
be prepared accurately, based on proper accounting rules and procedures. Plus,
you will understand what the numbers mean, and how you can use them to manage
your business more profitably.
There's a gold mine of profit-building information in knowing where you stand
financially, and in knowing how to use this information to better plan for the
success of your business.
Call today for a free consultation.
There is absolutely no obligation of any kind. It will be well worth your time!
