When I was fifteen, I began my first “real job” selling denim at The Buckle in my hometown. I’ll never forget one of my first lessons at the Buckle – the importance of helping a customer find the perfect pair of blue jeans. We learned about the quality of denim, how to size up someone…
Read MoreIntegrating inventory software with your accounting software can be a boon for many restaurants. Why? Restaurants deal with heavy purchasing and inventory volume and can be sensitive to the cost of the goods they sell. Because of this, it’s essential to keep track of your current inventory so that you don’t overspend when purchasing. We…
Read MoreManaging your finances is crucial to your success in the dynamic world of small business ownership. As your company grows, the complexity of managing your finances also increases. Many companies will hire an outsourced bookkeeping firm or a part-time bookkeeper to stay on top of financial reporting, filing taxes, payroll, and reconciling bank accounts to…
Read MoreThe 21st-century workspace has dramatically shifted, and with more businesses than ever before operating from the confines of their homes, understanding the tax implications and benefits of home offices is paramount. For business owners and partners, comprehending these benefits can mean significant financial advantages. Here’s a breakdown of what every business owner should know about…
Read MorePatrick Accounting has helped small businesses with bookkeeping and strategic tax advisory services for over 20 years. Here’s what we can do for you.
Read MoreLike a number of our clients, we are a service-based business. Our ability to be profitable is based on our knowledge and technology, but most importantly, is tied to our team or labor costs. Almost all service-based businesses fall into this category. Labor costs are the most critical and highest expenses we incur, and are…
Read MoreWe get this question all the time from new clients and new business owners. “What bank account should I open?” We also get this question “I feel like it’s a good idea to have accounts at multiple banks.” The answers are “it depends” which is the typical accounting answer, but I believe there are a…
Read MoreI have had this happen “a couple of times” throughout my career where we have found that our clients have gone out and purchased a piece of equipment, a new car, traded a car off, or spent corporate money for the benefit of a shareholder or even bought into another business with company money. As…
Read MoreOur goal as an accounting firm has always been to help our business owners make more money and keep more of it. We desire to give you the insight you need to run an awesome business, and we do this by providing both systems and insights so that your back office support (us) is a…
Read MoreThrough the uncertainties you are facing, we at Patrick Accounting and Whirks strive to be a guiding light, a sounding board, and a friend. We know you have tough decisions to make that will impact your team and your business. Here are some of the actions we are taking to help our clients, who are…
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