Tag Archives: small business finances

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

Calculator and notebook displaying "COST OF GOODS SOLD," with U.S. dollar bills in the background, illustrating financial analysis for business profitability.

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.

Woman thinking with question marks and a light bulb illustration, symbolizing clarity and decision-making in business.

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 […]