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Patrick Accounting Blog

Who is a Good Fit for Patrick Accounting?

By Shelby Betts / October 13, 2023 / Comments Off on Who is a Good Fit for Patrick Accounting?

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…

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integrating inventory software

The Pros and Cons of Integrating Inventory Software with Your Accounting Software

By Asher Silbermann / October 6, 2023 / Comments Off on The Pros and Cons of Integrating Inventory Software with Your Accounting Software

Integrating 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…

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How Much Do Outsourced Accounting Services Cost? 

By Shelby Betts / September 14, 2023 / Comments Off on How Much Do Outsourced Accounting Services Cost? 

Managing 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…

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Home Office and Partner Expenses for Business Owners 

By Sandy Ledbetter / September 1, 2023 / Comments Off on Home Office and Partner Expenses for Business Owners 

The 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…

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How will my financials improve with Patrick Accounting?

By John Dean Swift / July 28, 2023 / Comments Off on How will my financials improve with Patrick Accounting?

Patrick Accounting has helped small businesses with bookkeeping and strategic tax advisory services for over 20 years. Here’s what we can do for you.

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How Labor Cost Impacts Your Profitability

By Matt Patrick / April 28, 2023 / Comments Off on How Labor Cost Impacts Your Profitability

Like 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…

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What Type of Bank Account Should You Have?

By Matt Patrick / April 1, 2021 / Comments Off on What Type of Bank Account Should You Have?

We 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…

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Why Talking to Your Accountant About Your Purchases, Even Before You Make Them, is a Big Deal.

By Matt Patrick / March 18, 2021 / Comments Off on Why Talking to Your Accountant About Your Purchases, Even Before You Make Them, is a Big Deal.

I 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…

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What Your Accountant Wishes You Knew

By Matt Patrick / March 4, 2021 / Comments Off on What Your Accountant Wishes You Knew

Our 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…

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Your Financial Partner Through Tough Decisions

By Matt Patrick / March 18, 2020 / Comments Off on Your Financial Partner Through Tough Decisions

Through 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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