Friday, December 11, 2020


Sales Profite Loss Chart

Whether you do it by computer or by hand, chart it. Charting your ups and downs is necessary for a viable and profitable business. Keep track of the Plus Sales like carpet protector and deodorizers. Knowing how much in add on sales after the initial quoted job has been done, for example extra rooms or furniture is also valuable data. Even customer complaints should be charted along with all other aspects relevant to your business.

Keeping charts of your accounts receivable and payable will facilitate in preparing cash flow projections. These cash flow projections should be reviewed from time to time. Charting expenses will reveal whether a certain advertising campaign is showing a return on investment. Charting other expenses may alert you to something that is potentially out of line and allow you to make adjustments.

Ask your CPA to assist you in preparing these charts that will be invaluable guides to the success of your business.

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