Common Sense Profits, LLC

Book Keeping Services

We offer bookkeeping services using technology to automate manual data entry. Our bookkeepers then review your data for accuracy.

The combination of automation and manual review reduces the time spent on non-value-added, but necessary activity. It also speeds up reconciling financial statements. It allows us to spend more quality time with clients on value added activities.

Value Added Activities

Our clients receive the following benefits: regular one-on-one reviews, which focus on monthly profit and loss statements, along with monthly balance sheets and monthly cash flow statements. We highlight any significant variances that indicate new opportunities or areas to monitor.

Our value added service also includes providing reports that highlight aging account receivables and aging account payables.

Payroll

If you would like for us to handle your payroll, let us know. This is a necessary but tedious and time consuming task for small businesses. By having us manage your payroll, you can focus on the most valuable activities within your business instead.

Financial Coaching

If you’ve never received financial coaching, then you’ll benefit from our program. In this program, we cover the various sources of cash, which includes assets, credit, and profits; options for holding funds, which define degrees of liquidity and degrees of risk; debt management, tax planning, insurance protection.

Cash Management

Our cash management strategies will help to ensure that your business can cover fixed recurring expenses, variable recurring expenses, and reinvestment targets for business growth.

Cost Management

Our cost management strategies focus on improving your business’ per unit profit margins, increasing capacity to better spread fixed costs, and various approaches to pricing that increase sales velocity, increase net profits, free up cash tied up in inventory or pre-paid operational services.

Budgeting & Projections

We can also assist your business with creating annual budgets based on historical data; or by identifying projected expenses, capital expenditures, and the timing of those events. Additionally we can help your business with developing revenue, profit, and cash projections for investors, creditors, or for internal management.