Volume 1, Issue 4 - October 2016 Greetings Business Owner, Children to go back to school, parents are back to a crazy schedule and Halloween is just

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Volume 1, Issue 4 - October 2016


Greetings Business Owner,

Children to go back to school, parents are back to a crazy schedule and Halloween is just around the corner. What will you be this year? A Tadpole? A frog? A prince/princess?

You can unsubscribe at any time by clicking on the link at the bottom of the page. Feel free to forward to anyone who may be interested or check out my website for more details about Kipp's Books.

Have a great day,
Ali :)

Five Fall Projects to Refresh Your Financial Results

As we move into the fall season and the final quarter of the year, it’s a perfect time to commit to a project in your business that will help you reach the year’s end in better shape. Here are five ideas:

1. Back-to-School Time

If payroll expenses are one of the higher costs in your business, then it makes sense to boost your team’s productivity and maybe also your own. Fall is back-to-school time anyway, so it’s a natural time of the year to take on a course, read a business book or hire an organizer to help you get more from your workspace.

If you spend a lot of time doing email, consider taking a course on Microsoft Outlook® or even Windows; learning a few new keystrokes could save you tons of time. If you need more time, look for a book or course on time management. Look for classes at your local community college or adult education center.

2. A Garage Sale for Your Business

Do you have inventory in your business? If so, take a look at which items are slower-moving and clear them out in a big sale.

3. Celebrate Your Results

Take a checkpoint to see how your revenue and income are running compared to last year at this time. Is it time for a celebration, or is it time to hunker down and bring in some more sales before winter? With one more quarter to go, you have time to make any strategy corrections you need to at this time.

4. Get Ready for Year’s End

Avoid the time pressure of year’s end by getting ready early. Review your balance sheet to make sure your account balances are correct for all transactions entered to date. You will be ahead of the game by getting the bulk of the year reviewed and out of the way early.

Also make sure you have the required documentation you need from vendors and customers. One example is contract labor you will need to issue a 1099 for; make sure you have a W-9 on file for them. If I can help you get ready for year-end, let me know.

5. Margin Mastery

If your business has multiple products and services, there may be some far more profitable than others. Breaking these numbers out to calculate your profit margins or contribution margins by product or service line can help you see the areas adding the most income to your bottom line. Correspondingly, you can determine if you have any items losing money; knowing will help you take the right action in your business.

Refresh your financials this fall with your favorite idea, or come up with your own fall project to rejuvenate your business.


Early Fall is a great time to get moving on your business and get ready for year-end. Visit Kipp's Books website or call 201.739.4479 if you need help with bookkeeping.

Kipps Bees

Check out my Blog here. and pass the information to anyone you feel will benefit from bookkeeping knowledge. Referrals are a strong part of my business and very much appreciated.

Thank you for your support,
Ali :)


Alison K.M. Lohr is...
Certified Public Bookkeeper (CP)
QuickBooks Online Pro Advisor
Treasurer for the Jefferson Twp Chamber of Commerce
Member of the National Association of Certified Public Bookkeepers (NACPB)

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