If you walked into any supermarket in the 1990’s, you would have been able to choose from about 7,000 items. It seemed like a lot at the time. But fast forward almost 30 years, and your local Kroger, Safeway, Whole Foods, or wherever you shop typically has 40,000 to 50,000 items! Heinz and Hunt’s used…
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This is part four in a series of blogs we’ve created to help you, the small business owner, be able to better wrap your head around your essential financial reports. So far we’ve covered: Blog #1: How to Make Sense of Your Most Important Financial Statements (an intro to the series) Blog #2: How…
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Welcome back (or for the first time). This is the third article in our series to help business owners understand financial statements. Today we are diving into the income statement, also known as the Profit & Loss Statement or simply as the P&L. Here are the two previous articles if you would like to start…
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In last week’s article on understanding your most important financial statements, we kicked off a series of articles to help you, the small business owner, confidently understand your basic financial statements. We used the illustration of learning to ride a bike to show that even though learning how to read your numbers can seem daunting,…
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Understanding your financial statements is crucial for making good business decisions Many business owners avoid their financial statements because they lack the time to figure it all out There are three financial statements every business owner needs to understand We’ll help you get a better understanding of your statements so you have greater clarity in…
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If you feel like having a full-time live-in nanny (think: The Brady Bunch’s “Alice”) is a little pretentious, there’s a new trend among busy mommies: “Mother’s Helpers.” In case you’re already thinking, “Hold on, Matt. This is a bookkeeping/accounting blog, and you’re a guy. Why in the world are you talking about mommy topics?”…stay with…
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Patrick Accounting of Memphis and Massey CPA Group of Sherwood, Arkansas are pleased to announce their merger effective immediately. “I am eager for the opportunity to join forces with such a reputable firm,” says Matthew Patrick, CPA and Managing Member, Patrick Accounting and Patrick Payroll. “The Massey Group’s team and culture is very similar to…
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Dick Hoyt knows a thing or two about setting and achieving goals. Over the past 40 years, he has competed in: 257 Triathlons (6 Ironman, 7 Half Ironman) 72 Marathons (including 32 Boston Marathons) 97 Half Marathons 219 10K’s 176 5K’s … just to name a few As of 2016, Dick Hoyt had run, biked,…
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Polish historian Jerzy Targalski deserves the “Powering Through Award” for composure in the face of a determined cat. Well, more accurately, the determined cat was in his face. Targalski was in the middle of taping an interview for Dutch public television to comment on recent political happenings when an orange tabby decided it wasn’t getting…
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On September 9, 2014, Apple rocked the technology world with its announcement about the Apple Watch. Many companies had already released smart watches, but Apple’s was the first to be considered an equal competitor with fashionable “traditional watches.” The Apple watch was sleek, modern, and attractive so despite the fact that it was more expensive,…
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