Tag Archives: bookkeeping advice

How to Build Cost of Goods Sold (COGS) in QuickBooks Online for Service-Based Businesses

Dave thought everything was going fine. He ran a commercial property maintenance company. Solid team. Regular clients. Decent revenue. But one Friday afternoon, reviewing his Profit & Loss report, something didn’t sit right. His gross profit margin seemed off—way off. It said he was making a 48% margin. Except his bank account said otherwise. So, […]

Should You Fire Your Bookkeeper? Let’s Talk About It.

I got a call the other day from a business owner. He jumped right in and said, “I think I need to fire my bookkeeper.” I told him, “Hold on—let’s slow down a minute.” He started explaining that she charges one amount sometimes and then another amount other times. I asked him to tell me […]