Financial Fitness
Setting up your books properly from the start, and keeping them current, lays a solid foundation of financial health and smart strategy.
It isn’t hard when it’s done well. It is OK if you don’t know how!
Financial Operations & Optimization
It is all about the Benjamins. And with Backline, it doesn’t have to be scary.
We can dig into how best to answer questions like these:
Do you have a budget? How are your revenue and expenses progressing against it?
Are you charging competitive prices that take all of your costs into consideration?
Are you estimating projects accurately and in a way clients can easily understand?
Do you have a standardized and clear payment structure for your service projects?
Can your invoicing and receivables timing be changed to improve your cash flow?
Are you getting the best costs for your inventory, materials and vendor services?
What margins are you making, and could they be better?
Are you using the right financial models?
Are you doing too many favors and giving away free work?
Is your financial data organized in a system that can provide you with reports that tell you stories about your business?
Bookkeeping
If you don’t know the status of your money, how can you do anything else?
You could try to do your own books, but why?
Even if your books are currently a mess, Backline can get them to a good place and manage them on an ongoing basis, using QuickBooks Online.
Referencing your history is the best way to get a handle on your present and build plans for your future. Backline can create a variety of reports to track the metrics that matter the most to you, and plan regular reviews to make the best of what comes next.