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QuickBooks 101 - Understanding Key Terms
Your education continues this month by helping you understand the following terms:
- Sales/Revenue: The money you earn when you sell a product or service. Example: Sell a $100 widget - your gross sales = $100.
- Expense: Costs incurred in your efforts to create sales/revenue. May be cash (ex: rent or advertising) or non-cash (ex: depreciation or amortization).
- Positive Cash Flow: Dollars In > Dollars Out. Let's hope you have lots of that this year!
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Tech Tool of the Month
If you have a need to connect with others and want to save travel time and expenses, the GoToMeeting solution is something you should consider.
I have used GoToMeeting for over 2 years now to deliver my QuickBooks webinars, connect with clients for QuickBooks help, and hold meetings where it just wasn't practical to have everyone leave their office.
The GoToMeeting software is a snap to use - no IT department required. You'll be connecting with prospects, clients, board members, and everyone else in a snap.
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Who is "Minding the Gap" in Your Finances?
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Is Your Business Worth 5 Minutes?
As you know, I am constantly looking for valuable ideas for my clients and business associates.
Recently, I found myself wondering why some businesses are more successful than others. CEO skills? Implementation? Planning?
During my research, I came across a Business Model Assessment tool which I thought you would find quite interesting and valuable.
Take the assessment for your business today. It doesn't cost anything, and could take you from mediocre business to great business...
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Legal Stuff...
QuickBooks is a registered trademark of Intuit. Bottom Line Accounting Solutions is not affiliated with Intuit in any way.
Please forward this newsletter to those friends and associates that have an interest in QuickBooks software.
The Internet community is constantly evolving, so exercise diligence in your research as you would any other purchase. Bottom Line Accounting Solutions is not responsible for any third party links or the misuse of those links. They are presented solely for informational purposes.
FTC Disclaimer: This newsletter is an integral part of my for-profit business. Assume that any links, banner ads, graphics, etc. relate to products and services for which I will be compensated by the vendor for introducing you to them.
This publication Copyright 2001-2010 Bottom Line Accounting Solutions, LLC. All rights reserved.
Other product and company names mentioned herein may be trademarks and/or service marks of their respective owners.
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