Reduced Taxes Through Inventory Management
Company A is a light manufacturing business. It was discovered during initial visits that there were many assets on the books that were no longer on the premises.
Gina initiated a thorough inventory of all assets, creating an asset spreadsheet and hard copy files of all asset documentation.
Because Company A was able to write off many thousands of dollars in discarded assets, they realized considerable savings on their property tax statement as well as their business insurance.
Staying In Business By Focusing On Key Revenue Drivers
The sole proprietor of Company B is a writer, speaker and consultant. Although involved in many different activities her financials consistently showed a loss. She considered closing her business but first decided to try and find out which, if any, of her activities were profitable.
Gina began entering all transactions with identifiers for each of her various activities. She ran profit and loss reports for each activity on a regular basis and reviewed them with the owner of Company B.
Armed with information about the profitability of each of her activities, the owner of Company B decided to only pursue activities that were profitable. This allowed her to focus her business vision, maximize profitability while minimizing expense, and ultimately stay in business.
Organizing To Maximize Profits & Peace of Mind
The owner of Company C provides consulting and counseling services. She was in serious need of organizing her files and other paperwork. Her bills were being paid late and she felt that this was causing her to occasionally forget billing her clients due to her disorganization.
Gina helped her clean up her “stacks” of papers and implement some simple organization techniques to help her to stay on top of the influx of paperwork in between Gina’s visits.
Having an newly organized work environment allowed the owener of Company C to save money by avoiding late fees, maxize her profitability, and have peace of mind that all her bills were being paid in a timely manner.