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This One Thing Makes You Lose the Profitability Battle

By Matt Patrick / February 26, 2019 / Comments Off on This One Thing Makes You Lose the Profitability Battle

The D-Day landings simply had to succeed. Germany was rolling across Europe unopposed, and Allied troops landing at the Normandy beach front was the only hope of stopping the most brutal dictator the world had ever known. Today, we breathe a sigh of relief knowing the outcome of WWII. However, D-Day (and possibly the war)…

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What Should I Do With My Profit?

By Matt Patrick / February 19, 2019 / Comments Off on What Should I Do With My Profit?

A couple of weeks ago, I wrote about “How Your Bookkeeper Can Help Your Small Business Be More Profitable.” I firmly believe that if you’ll put the concepts we teach at Patrick Accounting into practice and continue to get better one step at a time, you will see your business becoming more and more profitable.…

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What’s The Difference Between Gross Profit and Net Profit and Why Does It Matter?

By Matt Patrick / February 12, 2019 / Comments Off on What’s The Difference Between Gross Profit and Net Profit and Why Does It Matter?

Some accounting jargon can be confusing. I am an accountant and most of the time I understand what someone is asking, but for a normal business owner it might as well be Latin or jibberish.  Our job is to convert accounting-ease to plain English. You know so you can actually understand what we are trying…

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How To Make More Money (And Not Feel Guilty About It)

By Matt Patrick / February 5, 2019 / Comments Off on How To Make More Money (And Not Feel Guilty About It)

I learned a painful lesson the first three years after starting Patrick Accounting. My revenue was going up significantly; however, I made the same amount of money in my third year as I did in my first year. If you are like most business owners, part of the appeal of starting and running your own…

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