Category: Business Development

Picture your business funneling most of its income into expense accounts, leaving only the bare minimum for profit. This is the scenario many businesses are stuck in, following a conventional approach to finances where revenue is first allocated to operating costs, and what remains is the profit. But what if we said there’s a model…

Ah, budgeting! The mere mention of the word might make you cringe, conjuring images of spreadsheets and number crunching that make you want to start happy hour early. Fear not intrepid business owner, for budgeting is your ticket to financial success and stability. Today we’ll explore the importance of budgeting for businesses and delve into…

This week Phyllis takes us through the process of putting together a budget in QuickBooks. This process is essential to business owners as it acts as a roadmap to making sure your money is working for you. By creating a budget and sticking to it, business owners can make sure they are always making money,…

You have the expertise to build and run a successful business, but that doesn’t mean you have to become an accountant in the process. Many business owners don’t have time to maximize their financial statements and the stories they tell fully. Let’s review financial statements over the next couple of months and help get you…

As most of the country begins to wrap presents, business owners are also focusing on wrapping up the end of the year. Before all of your focus shifts to having fun with your family, it is important to put a bow on the year when it comes to your company financials. Today we dive into…

October is here and that means more than just tricks and treats. If you own a business, it means that it is time to start getting together your W9’s and 1099s for filing. If your head started to hurt just reading about it, don’t worry Deitz Consulting is here to help! They say a picture…

Every business owner has heard of a profit and loss statement at some point. The number of business owners who fully understand them is much smaller. The number of business owners that understand them and regularly have theirs up to date is significantly smaller still. Having a full understanding of what money is coming in…

Time to take a small walk into the kitchen and have a look at how the sausage gets made! More accurately, how we make sure the sausage is profitable and will continue to be made for years to come. This month we dive into the world of restaurants and look and some examples of how…

This month we will continue to dive headfirst into specific verticals and explore their specific bookkeeping needs. Previously we looked at service-based companies where Phyllis got her start, today we will be focusing on the word of realtors! Like all businesses, the financial challenges that realtors face, while following a similar pattern to other businesses,…

Not all businesses have the same bookkeeping needs, and with this, in mind, Deitz Consulting approaches every business with an open mind. We have had the unique opportunity to work with a variety of companies giving us some great insight into the challenges they face and how we can help. Over the new few months,…