Changing the prices of your company’s services and inventory items can solve one of two problems, depending on why you’re looking for a solution. Say your materials suppliers have upped their prices. You may choose to increase your affected products to maintain your profit margin. Or maybe an item or service has not been moving [...]
Posts tagged profit and loss
Is It Time to Adjust Your Pricing In QuickBooks?
Use QuickBooks’s Budgeting Tools
Having just done this myself I wanted to put this information out from my monthly news letter so everyone can get a look at it. QuickBooks is a very useful tool with very useful tools. If you took a break from budgeting this summer and are now ready to get back on track, QuickBooks can help. The [...]
The Income Statement (Profit & Loss) Part 1
The Income Statement is one of the three main financial statements. (The other two being the Balance Sheet and Cash Flow Statement.) The important thing to remember about an income statement is that it represents a period of time. As opposed to the balance sheet, which represents a single moment in time. The income statement [...]


















