• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
Hide Search

206-529-4955 | sales@clearacctg.com

  • Home
  • Services
    • Bookkeeping
    • Taxes
    • Catch Up Bookkeeping
    • Profit First
  • Pricing
  • BLOG
  • More
    • About Us
    • Contact Us
  • Secure Client Portal Login

Your profit first online accounting team

Make, save, and keep more money. Clear Accounting provides you a dedicated bookkeeper supported by a team of small business experts.

Get Started Today

Mid-Year Review

Can you believe that half of 2019 is gone already? That means it’s a great time to take stock of how your business has done for the first half of 2019 so that you can meet your financial goals for the entire year. 

On Track for Sales

Are you on track to make your 2019 revenue number?  The first step is to check your 2019 budget numbers for total revenue. (Don’t have a budget? – Check with us; we’d be delighted to discuss that service with you.)

Next, get your Income Statement for June 2019 Year-to-Date and check the revenue figure. Are you on track with your budget, or are you halfway there revenue-wise, accounting for seasonality? If so, pat yourself on the back!  If not, what promotions will you put in place to boost your growth for the rest of 2019?

On Track for Profit

Looking at the same Income Statement, check your net income figure. Are you on track with what you planned?  If so, great!  If not, the reason is simple: it will be either lower sales than expected or higher expenses than expected. 

If your expenses are too high, you’ll need to drill down into each of your expense accounts, including cost of goods sold, to see which ones are higher than expected. Were there some unanticipated costs?  Does your pricing need adjusting? Do you need more volume to cover your costs?  This is where we can help you with an analysis of where your opportunities are to increase profit. 

On Track for Cash

One more place to look is your cash balance. It can be uncomfortable when you are running short of cash for your business. If your balance is lower than you’d like it to be, it could be because of some of the factors mentioned above.  It could also be because you just purchased an asset like a truck.  If you need help with improving your cash flow, that’s another thing we can help you with. 

Mid-Year Review

This mid-year review can help you head off any small problems before they grow into big ones throughout the rest of the year. And it can keep you on track so you can meet your 2019 business goals.

Previous Post
Next Post

Written by:
Simone Bachaud
Published on:
July 3, 2019

Categories: Business Tips

Primary Sidebar

MONTHLY ARCHIVES

Categories

  • Accounting (30)
  • Accounting Software (3)
  • Blog (15)
  • bookkeeping (2)
  • Bookkeeping Tips (7)
  • Business (12)
  • Business Development (17)
  • Business Growth (14)
  • Business Tips (100)
  • Cool Tech Tools (16)
  • Cost-Saving Tips (1)
  • Cost-Savings Tips (1)
  • Customer Service (1)
  • Customer Service Tips (7)
  • cybersecurity (1)
  • Decision-Making Tips (4)
  • Expense Reduction Tips (4)
  • Finance Management (1)
  • Management Tips (10)
  • Marketing Tips (1)
  • Money Management (1)
  • News (10)
  • Payroll Tips (3)
  • Personal Development (6)
  • Profitability Tips (12)
  • Profits (1)
  • Self-Employment (4)
  • Tax (16)
  • Tax Resolution (1)
  • Technology (2)
  • Time Management Tips (4)
  • Uncategorized (16)

Explore more

Call us: 206-529-4955 Email us: sales@clearacctg.com Contact Us

Clear Accounting

8618 NE 143rd St, Suite 100
Kirkland, WA 98034

  • 206-529-4955
  • sales@clearacctg.com
Client Login

Intuit, QuickBooks, and QuickBooks ProAdvisor are registered trademarks of Intuit Inc. Used with permission under the QuickBooks ProAdvisor Agreement.

Facebook Twitter Youtube Linkedin
SIGN UP FOR OUR NEWSLETTER!
Subscribe to our newsletter for the latest news and updates from Clear Accounting, plus interesting articles and useful advice.

© 2023 Copyright Clear Accounting | Disclaimer & Privacy Policy | Client Login | Areas | Sitemap