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Patrick Accounting Blog

How to Understand Your Cash Flow Statement

By Matt Patrick / August 21, 2018 / Comments Off on How to Understand Your Cash Flow Statement

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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How to Understand Your Income Statement

By Matt Patrick / August 21, 2018 / Comments Off on How to Understand Your Income Statement

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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How To Understand Your Balance Sheet

By Matt Patrick / August 14, 2018 / Comments Off on How To Understand Your Balance Sheet

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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How To Make Sense of Your Most Important Business Financial Statements

By Matt Patrick / August 7, 2018 / Comments Off on How To Make Sense of Your Most Important Business Financial Statements

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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How To Choose The Right Accountant & Bookkeeper For Your Business – 7 Questions To Ask

By Matt Patrick / July 31, 2018 / Comments Off on How To Choose The Right Accountant & Bookkeeper For Your Business – 7 Questions To Ask

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 Announces Merger with the Massey CPA Group

By Matt Patrick / July 27, 2018 / Comments Off on Patrick Accounting Announces Merger with the Massey CPA Group

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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How To Set And Achieve Kick-Butt Goals For Your Business & Your Life

By Matt Patrick / July 24, 2018 / Comments Off on How To Set And Achieve Kick-Butt Goals For Your Business & Your Life

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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5 Ways Business Owners Waste Time & How To Get It Back

By Matt Patrick / July 17, 2018 / Comments Off on 5 Ways Business Owners Waste Time & How To Get It Back

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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3 Online Tools To Help You Run Your Business Faster & More Profitably

By Matt Patrick / July 10, 2018 / Comments Off on 3 Online Tools To Help You Run Your Business Faster & More Profitably

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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How to Know When to Outsource Your Small Business Accounting & Bookkeeping

By Matt Patrick / July 3, 2018 / Comments Off on How to Know When to Outsource Your Small Business Accounting & Bookkeeping

If you are reading this article, you are more than likely a small business owner who has recently said something to the effect of, “Aaagh! This accounting stuff is driving me crazy! I have got to find someone to help me with this!” Every small business hopefully reaches the point where things are growing beyond…

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