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Join us for our training series on building a strategic budget for your small business based on fundamental business drivers. In this series, we build a budget from scratch that will take your business decision making to a professional level. In our second training video of the series, we expand our revenue to include manufactured product sales based on our estimated manufacturing costs, marketing costs and marketing conversion rate.

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Training Link.PNG

Join us for our training series on building a strategic budget for your small business based on fundamental business drivers. In this series, we build a budget from scratch that will take your business decision making to a professional level. In our first training video of the series, we start building out our income statement budget with sales revenue based on recurring service revenue for new and existing clients.

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business people around laptop pointing at graphs

Running a small business can sometimes feel like you’re in a silo. We focus on our own business operations, growth, customer acquisition and service. It can feel uncomfortable to step outside of our own box and compare ourselves to the competition. At Dodd Financial, we push the boundaries of this comfort zone with the Small Business Report Card.

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business people around laptop pointing at graphs

Small business bookkeeping doesn’t mean that we can’t apply the same strategies that large corporations use. In my 15 years with companies like Cameron, Schlumberger and Westlake, we utilized an accounting practice that you may not be too familiar with: Statistical accounting.

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The Congressional statues passed related to tax which is in two volumes. The first volume is 1,404 pages, and the second volume is 1,248 pages, for a total of 2,652 pages. Additionally, the total number of statues and regulations at the time of this post numbers somewhere in the ballpark of 9,000 pages. Court cases relating to tax rulings? Well, the combination of those rulings comes out to somewhere around 70,000 pages. So…it’s entirely possible that you might be missing something while starting your own business.

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Dodd Financial brings a unique, menu-style offering of accounting services for small business so you can choose the accounting services that you need at every stage of your business’ growth. We bring 15+ years of Fortune 500 accounting, audit and tax experience to the table, to not only support your business, but to help you identify key financial support services that you need, so you don’t have to figure it out all on your own. Looking for an Bookkeeper for independent contractors? We can help. Bookkeeper for medical practice? We have that covered too. New retail business? We’ll bring you our inventory expertise to your doorstep. Searching for a “Tax agent near me”? We offer fully remote services to cover you no matter where you call home.

Today, we highlight a unique...

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As a bookkeeper for independent contractors, I’m often asked about the best software and process for tracking and managing finances. Independent contractors like plumbers, electricians, roofers, etc have a unique set of challenges they face, but the major issues I see them encounter are:

1) How do I validate to customers that the cost of a job is appropriate and necessary?

2) How can I quickly and efficiently track the cost of each job?

3) What is the best time management tool to ensure I’m charging the correct labor cost to each job when I have multiple employees at multiple sites?

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