Results 1 to 20 of 32

Tracking profits

| Scrap Metal Tips and Advice

Hybrid View

  1. #1
    BroJer's Avatar
    SMF Badges of Honor


    Member since
    Feb 2012
    Location
    Phoenix-West Valley
    Posts
    1,004
    Thanks
    3,198
    Thanked 1,606 Times in 639 Posts
    Quote Originally Posted by GeorgeB View Post
    Which version do you have?

    I am currently using Quicken Home and Business 2010

    I have 2 "Accounts" setup...one for invoices/metal receipts and the other for all my expenses.
    What I have found to be the easiest way for expenses, the version really does not matter, is to make all of your entries through the check register or a petty cash register. Each time you make an entry, you are able to setup an expense category, ie...tools, fuel, repairs, uniforms, parts, etc. It saves trying to setup all the different categories in advance. (some are standard in the program) You can enter your deposits in the petty cash register, for anything you are keeping on hand, and in the check register, for any actual deposits going to the bank. Reconciliation is easy, accurate and fast.

    Invoicing is the same way. It is very easy to enter the info, for each new client, as you gain customers. Everything is auto recalled when you start an invoice, or check.

    I also had a personal account setup. I always kept personal finances, separate from business, and paid myself on Thursday, just like the employees.

    When I ran the printing company, (sold the name. now just service my customers and do sales) I had two small printers on my desk. One was for pre-printed/numbered checks, and the other for invoicing and reports. I could come into the office after running a equipment for 8-10 hours, and pay all the bills, get all the invoicing done, in no time.

    Another benefit is that Quicken/Quickbooks owns Turbo Tax. If all of your entries are in order, taking care of things come tax time, is fast, easy and accurate. (I still had an accountant review it all and handle the payroll)

    Anywhoooo I have used the programs since the early nineties. They are very user friendly and you can set them up as simple, or as complex, as you choose. Me, I like simple. There are a lot of features I never used. Hope that helps! BroJer


  2. The Following User Says Thank You to BroJer for This Post:


Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

 
Browse the Most Recent Threads
On SMF In THIS CATEGORY.





OR

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  

The Scrap Metal Forum

    The Scrap Metal Forum is the #1 scrap metal recycling community in the world. Here we talk about the scrap metal business, making money, where we connect with other scrappers, scrap yards and more.

SMF on Facebook and Twitter

Twitter Facebook