Will Keep Nickels For Treats

Butterscotch Pecan Brownie

Yesterday, I worked at one of my clients, Kim Ima of the Treats Truck. She gave me a delicious butterscotch pecan brownie. Sometimes bookkeeping is sweet.

The cool thing about Quickbooks Pro is that if you set up your Charts Of Accounts properly, you can do cost analysis of your materials like sugar, butter, flour, and run “Quick Reports” on the accounts. If your business has many elements to create a final product or final deliverable for a service, then it is essential to break each of the elements and categorize them as Cost of Goods Sold. Then you can review a “Quick Report” on each element and see if these costs are proper and how they affect your profit margin. Review your costs may cause to raise your prices/fees or seek out new vendors that are less expensive.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s