Precise MGMT Blog

Download your Free Social Media Analytics Sheet

Social media is great for growing and running your business, but tracking the metrics can be quite difficult. We’ve created a Google Sheet that has worked wonderfully for our Marketing Department. This sheet is used to track all Social Media …

Run Your Business Remotely—And Be Better than Ever Before

There’s no question: the COVID-19 pandemic has changed the world—possibly forever.  For those who used to work in an office, being forced to work from home probably sparked concerns. Can you deliver the same standard of service? How do you …

Case Study: A New Start for a Troubled Human Resources Client

  Read More… Integrity-HR_case-study

Case Study: A Return to Order for Digital Marketing Company’s Complex Bookkeeping

Read More… Tidal Health Case Study

Are Your Finances a Mess? Here’s 3 Effective Solutions All Businesses Should Know About

One of the main challenges for managers and business owners is keeping an eye on EVERYTHING that’s going on. So, how are you faring?  If your finances currently seem a mess, read on, and find out how to regain control. …

Do You Have Cash Flow Problems? 4 Solutions that Really Work

‘Cash flow problems’. It’s such a common term in today’s business world that you may think it has its place in any company. The truth: it’s a situation you should avoid at all costs. Unfortunately, it’s a reality that many …

Financial Management: Worst Part of Owning a Business —But You CAN Do Something About it

Owning a business is exciting and if you have an entrepreneurial spirit, chances are you’ll try at least one business venture during your lifetime. No matter how big or small your enterprise is, it’s important to be realistic about the …

Is QuickBooks Slowing You Down? 3 Ways to Save Time AND Money

Is QuickBooks Slowing You Down? There’s a regrettable occurrence in modern businesses: technology that’s supposed to help you function more efficiently often slows you down. And it happens more often than you think. Simply think about how much time is …

How Has Your Business Been Exposed During this Crisis Period?

unfortunately, many business may have realized that they’ve put their businesses at risk by procrastinating certain actions. The recent COVID-19 outbreak has impacted countries, economies and businesses across the globe. A lockdown in your region may force your company to function in a different manner than ever before. How has your business been exposed during this crisis period?

Showing Employees Appreciation Affects Business Success—8 Ways to Do it on a Budget

There are many reasons why you should look after your employees. Perhaps you simply want to show you’re up to date with what’s going on: March is National Employee Appreciation Month after all. You don’t want to let workers think you’re out …

7 Issues That Stop Business Owners From Doing What They Love

Compiling a business plan, obtaining enough capital and then starting your own business is a dream come true for an entrepreneur. It gave you a good feeling, right? But what came after that? How did you experience the months and …

10 Ways You Can Scale Your Business in 2020

Do you know how to grow your business in 2020? Imagine your business 12 months from now. We bet you’re not dreaming of the same image you see at work at the moment. You probably dream of more people, more …

3 Challenges Small Businesses Face During the Festive Season: What Can You do Differently in 2020?

Can you be more prepared this year than last? We’ll list three creative small business ideas to increase your chances of having a successful festive 2019.

Small Business Saturday: Why You Need to Refocus

It’s almost here: “Small Business Saturday.” The day has to be BIG if I’m writing about it; I tend to stay away from Big Business topics because I believe small business can outperform the rest. But is it something your …

Do you really want to grow your small business?

It’s crazy that most never achieve the growth they claim they want. As a small business owner, I can relate. But you’re not growing your business and this is not an option. This ends today – if you will help me…

Back to School, Back to Work

The summer tends to create inconsistency for many small businesses. Did you take the summer off? It’s ok if you have a team and/or systems for your small business in place…

What Stage is your Business In?

Starting a business is definitely easy, but if you don’t know what stage your business is in or have the ability to focus on the critical factor to move your business to the next level, you will never grow your business. Do you know what stage your business is in?

Goal Setting For Success In The Second Half – Get In The Game!

What solutions will you solve for this second half? How will you find these solutions? Can you do it on your own or could you benefit from a team experienced in helping you reach your goals?

Dr. Peyser Dental PC | New York, NY

The Meeting Rhythm – The Heartbeat of the Organization

If communication rhythm is established information moves through the organization accurately and quickly. What’s stopping you from implementing the essential Rockefeller Habits?

How to make an impact like a barber in Philly!

PHOTO VIA: THE INQUIRER PHILLY.COM   This is what Entrepreneurship is all about. North Philly’s Jr. Barber Academy teaches kids the basics of barbering and entrepreneurship by Aneri Pattani published on Daily News Philly.com When you take your gift and …

This is Embarrasing.

And I used to say “Never let them see you sweat.”   It’s been a long year. From the picture, you can see that was me sweating. This is after a call I had with one of my ex-team members. …

Who Else Wants to be Like Lebron?

When we look at Lebron, he is a superstar. I’m wondering if I should have said Brady based upon what has just transpired this month in order for you to get the point. Here is the deal. Lebron just wants …

Is less better?

PHOTO VIA: ENTREPRENEUR.COM   Most small business owners don’t get the numbers. I will take a 4.0 over 2.6 any day. Who wouldn’t – If you had to operate less restaurants and work less days. I’m talking about the numbers …

Is Networking a Waste of Time?

Is networking a waste of time? Mark got it right.  Networking is a waste of time when you don’t have your priorities straight.  I’m part of BNI 53 in New York City – I would say one of the best …

26 Women of Color Diversifying Entrepreneurship in Silicon Valley, Media, and Beyond

PHOTO VIA: VANITYFAIR.COM   I came across this article published on VanityFair.com by Margot Lee Shetterly titled “26 Women of Color Diversifying Entrepreneurship in Silicon Valley, Media, and Beyond” and this is why I love entrepreneurship!  People who are considered small …

Maria Sblendorio’s Testimonial

Maria Sblendorio of Back to Nature Home & Garden Basking Ridge, NJ, has this to say about Precise MGMT. Our Company has worked with William Clanton for 10 years now, and I have nothing but great things to say about …

TSheets Case Study: IT Company Reduces Hours on Billing and Processing Payroll

Meet Brian Murphy.  When Brian started Murph Consulting in 2007 his goal was to stop the patronizing approach that occurs far too often between most IT firms and their clients.  Murph believes that “running a business is hard enough – …

What a Year!

What a Year! Let me start off by disclaiming that the first line was not mine. I swiped it from one of my client’s Christmas cards. That line fit 2018 pretty well.  See last year – I thought it was …

20 Massive Mistakes Small Business Owner Make

Young Entrepreneurs Forum published “20 Massive Mistakes Small Business Owner Makes”.  Although published 2 years ago (in 2016) these are as relevant as ever.  In reality, making any one of these mistakes can be costly, so study all of these carefully …

8 Reasons Why You Should Outsource Your Accounting and Bookkeeping

A lot of entrepreneurs are on the fence when it comes to outsourcing their accounting and bookkeeping needs. Outsourcing the tracking of their income, expenses, and government filings are often seen as an unnecessary cost. On top if that, they may be …

50+ Quickbooks Tips Use Quickbooks Like A Pro In 1 Hr Or Less

It isn’t unusual for small business owners to get themselves very involved in the overwhelming task of “getting up to speed with the books.” Here at Precise MGMT, we regularly observe customers investing more energy than is required doing as …

How to Select a Bookkeeper (Small Business Guide)

Bookkeeping Experience The gold standard of experience is when bookkeepers are currently serving other clients with businesses similar to yours. They will have seen lots of financial statements and they will just “know” when something doesn’t look right because they …

Is Cloud Accounting Right for Your Business?

One of the most exciting changes in the accounting industry is cloud accounting. The concept is easy to grasp: cloud accounting simply puts your accounting system in a private space online so that it is fully accessible to you via …

Precise MGMT Makes Our Accounting Process and Invoicing That Much Easier

One of our clients in New York City provides advanced analytics for media and entertainment companies and had struggled for many years to keep their accounting records up to date. They were using Wave accounting to do invoicing. They were …

Life Can be Better Than You Think

Let me start by apologizing in advance. Some of you have not heard from me via this communication in a while. We have been experiencing some growing pains that spread me too thin. Can you relate? For those of you …

TSheets’ online time cards for QuickBooks makes employees’ lives easier and payroll faster

S. Heinz Construction & Design, Inc. in Rhode Island struggled for many years to collect, decipher and manually enter employee time for payroll as well as client invoicing. Their employees were working three to four different projects at a time …

Customize QuickBooks Online Using Settings

You can start using QuickBooks Online the first time you sign in. However, your tasks will be easier and faster, if you customize it for your company. QuickBooks Online was designed to be used by a variety of business types; …

Improve Your Profitability with the Resources You Already Have

I wanted to talk to you personally about profit improvement. And when I talk profit improvement, I’m talking about improving your profit without spending any additional money in order to make more money. In fact, the reason I like to …

Implement a Cash Flow Projection Before It’s Too Late.

Recently one of our clients was talking to us about their business. One of the major pain issues was that there was a third party payor that was slow in paying his bills. Sometimes the payor would make the business …

Working with Downloaded Transactions in QuickBooks Online

Downloading transactions into QBO is the easy part. You still have work to do once they’re on board. Its ability to download financial transactions is one of the five best things about QuickBooks Online. Without it, you’d spend a lot …

How A Cost Accounting System Improved Efficiency And Profit

Client Ann Marie owns a manufacturing business which makes a high-end product. She varies her design from time to time so there are many versions of her primary design. Problem Ann Marie did not have a cost accounting system that …

How To Know What It Costs To Create One Widget

Cost accounting is about calculating the total cost involved in the process of production. In a nutshell: “What it costs to create one widget!” Estimating the accurate cost of products is critical for profitable operations. A business must know which …

Setting Up Sales Tax in QuickBooks Online

Sales tax is one of the more complicated concepts supported by QuickBooks Online. QuickBooks Online was designed for you, the small businessperson. You’ve probably discovered that many of its features are fairly easy to use from the start. But just …

So You Want to Be an Independent Contractor

Confused about what it means to be an Independent Contractor? Maybe you are working for a business but you want to start your own business. Maybe your employer has suggested that you could work at home, and they will change …

Getting Business Infrastructure Right

Client Working as a freelance Personal Training and Group Fitness Instructor sounds like it could be liberating, interesting and a good-paying job. But the truth is, like any independent contractor, there are business issues that have to be considered, before …

No Cost Employee Benefits

Benefits that Motivate Your Team Most employers fall into the trap of giving their employees a raise year after year. The problem is that if your compensation to your employees are more than 20 – 22% of your collections this …

Small Business, Big Success

How a personal trainer transformed her business and increased her income. Claire is a personal trainer with 20 years of industry experience. Her personal training business was a great success. There were many gyms competing in the area; but she …

What Is a Vendor Credit, and How Do You Record One?

Whether you’re getting a vendor credit for a refund or a return, you can record it in QuickBooks Online. When you’re dealing with your company’s vendors, you’re probably accustomed to money flowing in one direction: theirs. Maybe you send them …

7 Best Practices for QuickBooks Online

Even if you’ve been using QuickBooks Online for a long time, it’s good to step back and evaluate your actions. “Best practices” aren’t enforceable rules. They’re simply guidelines businesses commonly follow in one area or another. If you’re in retail, …

Receiving Payments in QuickBooks Online

It’s perhaps one of your favorite activities in QuickBooks Online: recording money that comes in. Are you doing it right? Your days of matching paper checks to paper invoices are over. QuickBooks Online excels at keeping your accounts receivable organized. …

Recording Simple Expenses in QuickBooks Online

Tracking even the little expenses is important. How does most of the money you owe individuals and companies get disbursed? Do you print checks, or write them by hand? Use credit cards? Pay online through your bank’s website? Keeping track …

Getting to Know QuickBooks Online Reports

They’re one of the rewards you get for your conscientious accounting work: reports. Are you using them to make better business decisions? What do you see when you log on to QuickBooks Online? Your most important business numbers represented by …

Maximize Value Before Sale

Selling a business at the right price and terms often takes a year or more. Owners who desire to sell their businesses should begin to maximize the value of their business at least two and preferably three or four years …

“Stress Free or Stressful” Business Transition to New Owners – It’s a Choice

Blueberry Trailers was established by Jack Jones in 1970.  Since its humble beginnings as a husband-and-wife-based business, the company has grown to manage 30 team members across two factories and build approximately 50 custom trailers per year. That said, along the …

How A Husband And Wife Transformed Their Business And Met Conflicting Goals

The case study explores how the owners of a Sandwich Kiosk business were able to meet both their goals as a husband-and-wife team while increasing income and reducing the burden of running a small business. David Page was a firefighter …

Hire For Culture, Train For Skills

Cultural fit is a concept that can be hard to define but everyone knows when it is missing. Simply put, cultural fit is the likelihood that a person will be able to effortlessly live your business core values and behaviors. …

Avoid Changing Horses in Midstream

It’s rare that Accountants are spoken of as examples of great marketing. So please indulge us as we share with you a wonderful campaign run by the Institute of Chartered Accountants in England and Wales back in 1995. So proud …

Traditional Effective Low-Cost Small Business Marketing Campaign

This case study demonstrates how Hair Salon owners worked with their Accountant to create an effective low-cost small business marketing campaign that targeted lapsed and new customers to increase sales.  The campaign was traditional but effective. About The Client A …

Give Your Business Direction

Strategic planning is important for your business because it provides a sense of direction and outlines measurable goals to keep you and your business on track. In order to make the most of strategic planning, your business should give careful …

“Hobby” Turns Into A Business

It’s an incredible thing when a little idea grows to something bigger than you could have imagined. Jack and Angela McGregor started their business as a “hobby”. Angela was a homemaker and it gave her a creative outlet. The intention …

Is your marketing plan as tired as your business brand?

There are many ways to market your business, and the key to maximizing your efforts and marketing spend is to inject variety in your marketing plan. The following are four tips on how you can diversify your marketing to increase …

How fresh eyes turned a business around

An optometry practice had been trading for over 20 years under a previous owner’s name as their business brand. The business offered a broad range of optometry services in line with most mainstream optometry practices. Challenge The business did not …

Grow Your Business With Efficient Systems

Many small businesses are so busy running the business and fending off daily emergencies that systems go completely ignored and chaos often prevails. Efficient Systems Create a Better Experience for Customers and You The business that leads in the race …

Systemize Your Business Before It’s Too Late

Peter Bridges has a business which sells motor vehicle spare parts for a range of makes and models.  The business has grown rapidly beyond Peter’s expectations and management abilities.  He feels like he is on a runaway train and is …

Creating Reports in QuickBooks Online [Step-By-Step Guide]

Reports are the payoff for all of your hard work entering records and transactions. They can help you make better business decisions.   Now that you’ve been using QuickBooks Online for your company’s accounting, it’s probably unimaginable to think about …

Don’t Let You or Your Clients Be a Victim of Identity Theft. Learn How to Manage Users in QuickBooks Online

A multi-user accounting application needs good tools for assigning access permissions. QuickBooks Online has it covered. You trust your employees, or you wouldn’t have hired them. But you also have a grave responsibility to your customers and vendors: to keep …

Getting Ready for Payroll in QuickBooks Online

If you’re planning to do your own payroll in QuickBooks Online, you’ll need lots of setup time – and perhaps our assistance. Payroll setup and processing is probably the most complex, challenging set of tasks you’ll encounter in QuickBooks Online. …

How To Manage Your Business Accounts Without Your Accountant

“Account” can mean more than one thing in QuickBooks Online. Here’s a look at its multiple concepts. Until you started doing your company’s accounting, the word “account” probably meant a checking or savings account at a bank or your identifying …

What Makes Cloud-Based Bookkeeping the Right Financial Choice?

There are many inherent advantages to using cloud-based bookkeeping systems for your business. Chief among those is that it is significantly cheaper than using on-site software systems. For a lot of software, you have to consider the total cost of …

Art gallery improves profitability by understanding four ways to grow any business

There are only four ways to grow a business: Increase the number of customers Get them coming back more often Increase the average spend Improve the effectiveness of every business process A local art gallery worked with their accountant to …

Business Planning – Your Blueprint to Business Success

Running a business without a business plan is like rock climbing blindfolded. Your chances of making it successfully to the top are slim. And the process will surely be a death-defying one. A business plan is a step-by-step guide to …

Ways to Get Paid Faster by Patients

While having your own dental clinic might be a dream true for you, handling a business is different from the normal dental practice you’ve been studying about for years. I have met a lot of new dental business owners who …

Plan For Future Business Success

Jeff Immelt, the CEO of General Electric, once said that he has only two items in his job description:  One is to retire with the value of the company exceeding that when he took over and the other is to …

Business by Design

Most businesses are built by default – not by design. Very few businesses start ‘with the end in mind’ and design it from the ground up. Most businesses grow by default with people, systems, culture, clients, numbers, habits and attitudes. …

New to QuickBooks Online? Take a Tour Around the Home Page

Switching from QuickBooks desktop or starting fresh with QuickBooks Online? Here’s a quick overview of its home page. Whether or not you’ve ever used accounting software, we think you’ll like using QuickBooks Online. It was designed for small businesses who …

Sales Transactions in QuickBooks Online: An Overview

Your first transaction in QuickBooks Online was probably an invoice. But there are many others that you’ll want to know how to use. You probably process more invoices than any other kind of sales transaction in QuickBooks Online. And it’s …

See More Profit. Document Your Sales Transactions The Right Way With QuickBooks.

Your first transaction in QuickBooks Online was probably an invoice. But there are many others that you’ll want to know how to use. You probably process more invoices than any other kind of sales transaction in QuickBooks Online. And it’s …

Setup Your Payroll like a Professional

If you’re planning to do your own payroll in QuickBooks Online, you’ll need lots of setup time – and perhaps our assistance. Payroll setup and processing is probably the most complex, challenging set of tasks you’ll encounter in QuickBooks Online. …

Using Purchase Orders in QuickBooks Online

 QuickBooks Online Plus offers the ability to create purchase orders. But they require knowledge that may be foreign to you. If your business purchases products from vendors that you then sell, you may have occasion to use purchase orders. These …

Working With Your Accounts in QuickBooks Online

“Account” can mean more than one thing in QuickBooks Online. Here’s a look at its multiple concepts. Until you started doing your company’s accounting, the word “account” probably meant a checking or savings account at a bank or your identifying …

Creating Reports in QuickBooks Online

Reports are the payoff for all of your hard work entering records and transactions. They can help you make better business decisions. Now that you’ve been using QuickBooks Online for your company’s accounting, it’s probably unimaginable to think about going …

An Introduction to the QuickBooks Online Customer Page

Your customers are the heartbeat of your business. QuickBooks Online helps you keep them happy. Do you remember how you used to keep track of information about your customers before you started using a computer for your accounting? A file …