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IT'S TAX SEASON.
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My Blog

New Year Resolutions

5 Strategies Of Turning your Profits into "Cash"

  
The Holidays are here and it's time to ensure that we have some cash tucked somewhere for the Holiday Shopping, Gifts, Christmas Parties, as well as Year-end Savings.
In our last Newsletter, we uncovered the myth of profits, and learnt that, understanding how transactions occur in our business and its effect on our financial statement is key to managing our profits. Please feel free to refer to our last newsletter for the full details. This Month, We will be looking at 5 strategies of turning our Profits into "Cash":

Bookkeeping Tips to Save Time and Money.

   
 
Do you know that Inputting checks, managing bank accounts and creating reports doesn't have to be an intimidating process?  
 
Wow,we have entered the second month of the year 2013, and I know that so far, it has been a great and fantastic season for us. For most people in the States,this is a period of tax preparation and filings, for both individuals andorganizations.
 
We should know by now, that having a good bookkeeping system is essential to having a successful and smooth tax filing season.

Build up your Personal Balance Sheet

   
 Build up your Personal Balance Sheet

 Do you know that everyone has a personal Balance Sheet? Just a reminder,A Balance Sheet is a financial "snapshot" of a Business at any given point in time.It shows your assets and liabilities and tells you your business networth.
 It is a rule that every Businesss has a Balance Sheet,so also should every individual have a personal Balance Sheet,Our Personal Balance Sheet is defined as our ability to make a difference wherever we are,and this difference creates a value for our personal life.

END OF YEAR ORGANIZATIONAL TIPS.

      
 
  REVISIT YOUR GOALS: New Year’s resolutions are nice but what’s wrong with getting a jump start on them? If you are self-employed, take a look at the specifics of your business aspirations. If you work for someone else, revisit the objectives of your position and find places for improvement. Weed out outdated responsibilities and add in any new ones. Decide where you want to be in six months, a year and two years, then brainstorm specific ways to attain those goals.