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Patrick Accounting Blog

Sliding Into 2019 Like Whee!

By Matt Patrick / December 26, 2018 / Comments Off on Sliding Into 2019 Like Whee!

2018 has been an exciting year of learning, growth, and opportunities for Patrick Accounting and our clients. We have a lot to be grateful for and look forward to in 2019. Here are the posts that YOU told us were your favorites from 2018. We hope they help you review 2018 and prep for 2019.…

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Sending Lots of Christmas Cheer from Patrick Accounting

By Matt Patrick / December 19, 2018 / Comments Off on Sending Lots of Christmas Cheer from Patrick Accounting

What’s Christmas without your favorite holiday movies, moments, tasty treats, and of course…your favorite song? Our Patrick Accounting team recounts their favorites from the season. Click below to watch the fun! Merry Christmas and Happy New Year everyone!

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How to Increase Your Prices Without Losing Customers – Part 2

By Matt Patrick / December 4, 2018 / Comments Off on How to Increase Your Prices Without Losing Customers – Part 2

The most important consideration once you have decided to raise prices is ensuring you communicate with your customers so they are not surprised. Customers would more likely be upset by a lack of communication than by the price increase itself. Here are best practices for rolling out increased pricing: Let your customers know when you’re…

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Why It Might Be Time to Raise Your Prices for Better Profits – Part 1

By Matt Patrick / November 27, 2018 / Comments Off on Why It Might Be Time to Raise Your Prices for Better Profits – Part 1

Raising your prices can feel a lot like walking into a dark room as a child. Your mind conjures all sorts of scary things that could happen, but as soon as you turn on the light, you realize there’s nothing to fear. Most of the business owners we know dread the thought of raising prices,…

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Top 3 Small Business Accounting Software Options Compared

By Matt Patrick / September 26, 2018 / Comments Off on Top 3 Small Business Accounting Software Options Compared

In last week’s blog, we talked about what to look for in accounting software. With so many software products out there, it can be pretty overwhelming as a small business owner to figure out which one is best for your needs. And with an actual business to run, do you really have time to wade…

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How to Choose an Accounting Software For Your Small Business

By Matt Patrick / September 18, 2018 / Comments Off on How to Choose an Accounting Software For Your Small Business

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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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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