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Recent Posts:

  • Quickbooks Purchase Order module on the blink for awhile
  • EDI and your small business
  • Weight loss and work productivity
  • Social media and driving business to you
  • Quickbooks Training offered here
  • What bookkeeping gives to your business
  • Tax preparation services offered for startups, small businesses and individuals
  • Small business in a microcosm

    • How to avoid harm to your business

    Imagine being able to go to your employer and taking money from the company's bank account whenever you need extra.  What do you think would happen to you?
     
    If you guessed be prosecuted then you're right.
     
    Take the same scenario but the business is owned by you.  Is it o.k.?  Legally perhaps but it's not smart business over the long run.
     
    It would be great to say your business cash flow is spread evenly over the course of a year.  Unfortunately for a vast majority of businesses, it is definitely not.
     
    To avoid harming your business, you need to take a certain amount out for your personal needs (household and such) each month.  That way you can budget on a personal level and know what your business will have to generate in order to make everything work.
     
    Remember, no matter how much your business produces in profits, if you run out of money then it's game over.
     
    I am a CPA in San Antonio and provide bookkeeping, payroll, taxes and more.  We offer a free initial visit and look forward to serving your business needs.
     
     
    Richard J. Garcia | 10/20/2010