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inHisbalance

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About inHisbalance

  • Rank
    Advanced Member
  • Birthday 09/17/1955

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    Male
  1. in His balance After many years of success in financial management in the corporate world, I desired a change. Not just the calling of the entrepreneurial spirit, but a change that would mean something. As a corporate controller, one is involved in all aspects of business management and I want to take this experience and knowledge to help the small businesses in our community. I want to provide consulting help above and beyond just an accounting and bookkeeping service. My business will be accounting and bookkeeping, all charges will be for these services. As an added value, I offer consu
  2. Thanks so much. I just want to reach out to the small businesses in our community and try to help.
  3. After many years of success in financial management in the corporate world, I desired a change. Not just the calling of the entrepreneurial spirit, but a change that would mean something. As a corporate controller, one is involved in all aspects of business management and I want to take this experience and knowledge to help the small businesses in our community. I want to provide consulting help above and beyond just an accounting and bookkeeping service. My business is accounting and bookkeeping, all charges are for these services. As an added value, I offer consulting to my clien
  4. Just go see Glenn at the UPS store. Don't waste time or travel....................he does a great job at a fair price.
  5. I want to thank you for your efforts and wish you great success in this endeavor. I live (literally) right around the corner from you. If I can help in any way (picking up contributions, rolling coins, going to the bank or some basic bookkeeping), let me know. God bless, Jim
  6. Previously I mentioned that small businesses often could manage recessionary times better than big businesses. However, one problem area they might have in common is being over leveraged. Basically, over leveraged is operating your business through borrowing. Now, this is how many businesses operate, and it is not a bad thing unless your debt ratio is too high. The "debt-to equity" ratio is simply the total liabilities divided by the total equity. Most lenders look to this ratio in the range of about 3 to 1 as optimal. If your ratio is significantly higher, you should make corre
  7. I wish you great success on your opening!
  8. This sounds real cool.......but I'm sure you realize you left out G.T. and G.S.U.................. L.O.L.!!!!!!!!
  9. Yesterday we discussed managing the Income Statement. Understandably, this is the main concern of small businesses because they want to know "how much money have we made?" Don't make the mistake of not giving the Balance Sheet its proper over-sight. Asset management, cash and receivables particularly, need high attention. Review and manage your accounts receivable (A/R) daily. Call customers that are past due. There may be a dispute or the call may reveal potential problems with their ability to pay before you ship again, or it may get them to send a check (hopefully this is the
  10. I guess 90's T.V. is not my topic................let me know when you do 60's & 70's music!!!!!! I hope you have fun tonight.
  11. In managing a small business through recessionary times, there are three basic exercises: 1.) Maintain or (hopefully) increase revenues. 2.) Maintain and control the Income Statement. 3.) Monitor the Balance Sheet. The first point is what you do. This is your business. This is your ART. The next two points are mechanics. There are business procedures involved that allow you to protect your business. This is where your accountant can make a business-saving difference. THE INCOME STATEMENT: The Income Statement measures the revenues against co
  12. This just sounds like a wonderful Christian program. Unfortunately, my boys are now too old. I wish you great success in this ministry.
  13. Thanks, but to be honest, I want to make it clear that I am a certified user, not a pro advisor, but am working on it. However, I probably can help on most issues.
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