Ask the Accountant… Question: When I buy items from suppliers, isn’t that inventory? Answer: In our industry, we order items that have been customized specifically for one customer. We rarely take possession of the items – only so we can deliver them to the customer ourselves or our customer will pick them up. These instances…
Read MoreFor employees who’ve reached noteworthy goals and employers who want to inspire more achievement, it’s the most wonderful time of the year: awards and recognition season. From November to January, companies will be giving year-end awards and deciding how to recognize employees over the next 12 months. If you plan, and educate your customers about…
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Recently I’m noticing a trend when I chat with folks in our industry. In my conversations I always like to hear what people are doing to grow their business. Time spent on business development. I define this as time spent prospecting. Lately what I am hearing is lots of excuses for not doing any business…
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Ask the Accountant… Question: When I create orders in SAGE and bring them over into QuickBooks, I like to create generic items, such as apparel, and change the description each time. It seems like I would have too many items otherwise. What do you think? Answer: In QuickBooks Premier, you can have up to 14,500…
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I talk to lots of business owners that want to have more. More sales. More profits. More fun in life. And one thing I know for sure is that you really can have it all if… You don’t do it all. That’s right. You can have it all if you don’t do it all. Unfortunately,…
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“Customers today are so anxious that they’re not making a big enough impact in their day-to-day lives,” reveals Viveka Hulyalkar. “They would not only switch brands; they would even pay extra for a brand that they believe is more socially responsible.” The co-founder and CEO of Beam Impact shares how to turn consumer behaviors into…
Read MoreMost distributors rely on referrals and word of mouth to bring in new clients, with some also doing outreach efforts such as email, cold calling, etc. All these can bring in new clients, but are rather unreliable and unpredictable. To establish and grow a successful distributor business, you must consistently attract new qualified leads on…
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Ask the Accountant… Question: Is there any way to see what I make on an order? Answer: Unfortunately, QuickBooks does not have the function of showing the gross profit of an order for non-inventory items, which is what most of a distributor’s orders are. If you create orders in SAGE, however, you can see what…
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In today’s world, we have all become digital-first customers, whether we realize it or not. Having an online presence is critical for any business to succeed, or even remain in business. What Exactly Does it Mean To Have an Online Presence and Why You Need It Simply put, having an online presence means your business…
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Your mind is very powerful. We’ve all heard that most of us don’t use even 10% of the power of our mind. One way your mind is powerful is that it is like a GPS system. Your mind is wired to get you to the destinations of your dreams. But your mind can’t work…. Your…
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