An important financial concept which help you run your business is “break-even.” What does this mean? Simply put, break-even is the point at which your total cost equals your total revenue. This analysis is important because you need to know how much product or services have to be sold to cover your costs.
Isn’t profit or a “better life” the reason you created your business? In order to accomplish that goal you need an understanding of your fixed costs so that you can price your product at a level which will at least cover your costs. A reliable accounting system is the first step. Many small businesses use the QuickBooks accounting software to accomplish this goal. Our firm has many certified QuickBooks consultants. We can help you make sure your accounting system is set up properly and help you analyze your fixed costs. Call our office at 888-552-1311 today!