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Patrick Accounting Blog

Everything You Ever Wanted to Know About Profit (and then some!)

By Matt Patrick / March 14, 2019 / Comments Off on Everything You Ever Wanted to Know About Profit (and then some!)

In last week’s post, I gave five reasons why small business owners should consider implementing a revolutionary, counter-intuitive accounting method called “Profit First.” (ICYMI, here’s another post I did on it last year too.) I realize that last week was a 30,000 foot view of the idea, so you probably have a lot of questions…and…

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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 Your Bookkeeper Can Help Your Small Business Be More Profitable

By Matt Patrick / February 6, 2019 / Comments Off on How Your Bookkeeper Can Help Your Small Business Be More Profitable

This past Sunday, millions of people tuned in around the world to watch Super Bowl LIII. By now, it shouldn’t be a spoiler to let you know that the Patriots won (again), and quarterback Tom Brady will soon be fitted for ring number six. I like to say one for his other middle finger. Even…

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How to Boost Your Profit With Parkinson’s Law

By Matt Patrick / November 13, 2018 / Comments Off on How to Boost Your Profit With Parkinson’s Law

Do you remember when cell phone plans weren’t unlimited? You may have had unlimited nights and weekends but only a few hundred minutes for the rest of the month. If you were like me, you kept a constant eye on minutes because going over your limit cost a ton of money! It also meant staying…

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