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Thought Leadership from the Leaders in Virtual Accounting and Bookkeeping Services
14, January
2020

Identify High-Performance Revenue Channels and Eliminate the Losers

Whether you run a small, medium, service-based, or product-based business, chances are you offer a variety of products, services, and possibly even pricing models. Construction companies take on big projects, little projects, and some in between. A marketing firm might bill some clients per job and others per hour or on a monthly rate. Businesses selling products might have as few as five or as many as 5,000 skews available in different colors and sizes. Although all of these offerings likely bring in revenue, most often in business, only a few offerings actually generate profits. In fact, it's not uncommon for the jobs with the highest price tags (i.e. the largest revenue streams) to generate the smallest profits. 

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16, July
2019

How to Determine Profit Margins on Services

Understanding your profit margins is a critical component of healthy financial management. With a product-oriented.

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9, June
2019

3 Reasons to Use Time Tracking Even if You Charge a Flat Rate

Your company always uses flat rates for client projects. You don't want to deal with the hassle of time tracking,.
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13, June
2016

How to Boost Profit Margins with Job Costing

Profit margins are what makes your business go round, but if you aren’t paying attention, unexpected and.

22, January
2016

How to Accurately Job Cost in an Agile Project Environment

Your business life is easier when you deal with projects in a waterfall methodology. You follow a linear course with.

6, February
2015

3 Reasons to Audit Your Job Costing System

Your job costing system is an invaluable part of your business, forming an integral part of the workflow process..

19, January
2015

How to Encourage Departments to Accurately Report Expenses

Your company incurs plenty of expenses, especially when you have a global workforce you send out on a regular basis..

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