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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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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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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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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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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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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