Jacquie M. Adkins Articles

What to do next? Top Ten Priorities in this Economy - Click To Read Article
This month we are going to list what this author considers the priorities to focus on during this economy. As has been mentioned in previous Tips, our notorious “Rainy Day” has come, and so this is when we hope you have prepared for it. But if for some reason, you haven’t, then below are tips on how to get through this time. But whether you have prepared or not, these tips will help all of us stay on track and get through these times.

What is your Profit & Loss Statement Good for Anyway? - Click To Read Article
Being involved with small business for the last 30 years, it has come to my attention that many of you could use some help in understanding how to use your Profit & Loss effectively in managing your business. Some of you may not even know that this is a tool to use in managing your business. So we are going to discuss just exactly what the Profit & Loss Statement is good for anyway.

Uncertainty.....Friend or Foe? - Click To Read Article
“If uncertainty is unacceptable to you, it turns into fear. If it is perfectly acceptable, it turns into increased aliveness, alertness, and creativity” Eckhart Tolle, A New Earth These are definitely times of uncertainty, and how we look at this will determine if we sail on thru with freedom and prosperity, or we live continually trapped in fear with our little ships sinking in a huge storm. We have the choice and the power.

The “Dreaded” Bank Reconciliation - Click To Read Article
In our experience with many small business owners, one of the most important accounting functions that needs to be done is avoided and usually not done at all, which is doing your bank reconciliations monthly. This month we are going to address how to do your bank reconciliation, and hopefully take the fear and frustration out of this process, so that you feel at ease and comfortable doing it. Doing your bank reconciliation is one of the most important accounting/bookkeeping functions you can do. Not only will you be assured of what your bank account balance is, but you can be assured that all of your income and expenses have been entered and that your books are most likely complete. The only thing the bank rec will not do is assure that the entries have been made to the proper GL accounts.

The Balance Sheet – What does this do for you? - Click To Read Article
There are two main reports that are included in what are called your “Financials,” the Profit & Loss Statement, which we have covered in a previous article and the Balance Sheet. The Balance Sheet is another critical document which reflects the value of your company. On the Balance Sheet is listed your assets, your liabilities and your equity. So the accounts that are showing on this report are different from the accounts showing on your Profit & Loss Statement. In fact, the final bottom line number from your Profit & Loss is reported on your Balance Sheet. The profit or loss of your company becomes a part of the value of your company and is recorded on the Balance Sheet in the equity section.

Making More Money! What we all want to do! Part 1 of 3 - Click To Read Article
This is going to be a little mini series on the subject that we are all the most interested in doing, that is, “Making More Money!” These tips are meant to be hard hitting, realistic ways to bring in more income and save more money, so that at the end of your month, you see an increase in your bottom line. And isn’t this what it is all about, when it comes to business in our small business world? These Tips are intended to bring principle and help to us during any season of our business, but especially in a difficult economy. We are moving into spring and this is usually a time for increased business, and hopefully with these tips, you can make this year your most profitable year yet, regardless of what the media has to say about our economy.

Making More Money! What we all want to do! Part 2 of 3 - Click To Read Article
This is the 2nd part in our little mini series on the subject that we are all the most interested in doing, which is, “Making More Money!” These tips are meant to be hard hitting, realistic ways to bring in more income and save more money, so that at the end of your month, you see an increase in your bottom line. And isn’t this what it is all about, when it comes to business in our small business world? These Tips are intended to bring principle and help to us during any season of our business, but especially in a difficult economy. We are moving into spring and this is usually a time for increased business, and hopefully with these tips, you can make this year your most profitable year yet, regardless of what the media has to say about our economy.

Making More Money! What we all want to do! Part 3 of 3 - Click To Read Article
This is the 3rd part in our little mini series on the subject that we are all the most interested in doing, which is, “Making More Money!” As stated before, these tips are meant to be hard hitting, realistic ways to bring in more income and save more money, so that at the end of your month, you see an increase in your bottom line. And isn’t this what it is all about, when it comes to business in our small business world? This list of Top Ten Tips is going to be focused on some ways to increase your bottom line by implementing some marketing principles and focusing on things in your business that make you more marketable.

Keep Every Client or Customer! - Click To Read Article
In this time of financial stresses, it can be difficult to be in small business. One of the ways we can deal with this is to make every effort to keep every client or customer that we have. It is a lot harder to get new clients, than it is to keep the ones you already have.

How to Thrive in this Difficult Economy by Overcoming Fear - Click To Read Article
This month I am going to take a little different approach. The topic for this month is FEAR. There seems to be a lot of fear going around these days in our personal lives, business lives and just everywhere. The fear mongering media wants to make sure we all stay in fear, because then we loose our power to control our own lives and destiny. Keeping someone in fear is a good way to make them feel powerless and thus, unsuccessful. Being as this is a newsletter to address small business people, let’s look at fear and its impact on our businesses. Once we have gotten a good understanding of the power of fear and the emptiness of that fear, we are going to look at how to empower ourselves and move beyond it, so that our businesses can not only survive this economy, but actually thrive in it.

How to Save Thousands a Year on Tax Preparation - Click To Read Article
When preparing your books to send into the CPA for him to prepare your taxes, there are a few things you can do to help save you money. This can be a very expensive project, and below is a list of ten tips on how to have your books ready, giving you the most savings possible. These tips can save you thousands of dollars a year.

How is Unconditional Heart Felt Acceptance the Key to Success? - Click To Read Article
This month we are going to take a different approach to the Top Ten Tips, and get a little philosophical. As we know, there are universal laws that exist, and whether we use them unconsciously to our detriment or consciously to our benefit, we use them every day. Just like gravity, they are there, and no matter what we believe, we can’t escape them by just ignoring them. My heart is to help make us more aware, so that we are using these powerful universal laws to our benefit, making this time in our history a time to thrive in.

From Crisis to Change! Crisis: The Best Thing That Ever Happened to Us! - Click To Read Article
As we all know, we all hate crisis and turbulent times in our lives. We struggle! We fight against it! It just feels bad! But if each of us was to look back over our lives, and look at the WORST of times in our lives, I think most of us would say that it actually created some of the best of things in us or for us, and we just wouldn’t change that for the world. Those WORST of times became the most fabulous gift that the universe could have provided us.

Employee Turnover – Costing you more than you know! - Click To Read Article
There are costs in business that can hit us hard without us really realizing it. Because they are not hard costs that we see as a category in our expense column on our financials, we don’t sometimes realize these tremendous costs. I would call these “invisible costs.” One of the biggest culprits of this is high employee turnover.

Common Mistakes made in QuickBooks - Click To Read Article
This month we are going to address common mistakes made in QuickBooks. As we all know, QuickBooks is a very user friendly program, and is used by the majority of small businesses. The user friendliness of QuickBooks is both its pro and its con. What is meant by this is that QuickBooks is very simple to use, and for those that are not trained in bookkeeping/accounting who use it, there are many mistakes made without being aware of them.

“Cash is King!” Cash Flow Management - Click To Read Article
Anyone who has been in business for any length of time has heard the saying, “Cash is King!” For such a simple saying, it carries an extremely important message. The following are ten tips on how to manage your cash flow, and keep your company healthy and prosperous.

Business Failure – Not an Option! - Click To Read Article
All of us in small business just don’t want to ever think we could be a part of the statistic that only two-thirds of new businesses survive for two years and 44% only survive to four years. There are many reasons that businesses fail and the thing of it is, most of them are within your control. We are stating some of the reasons that businesses fail here, but the encouraging thing about this list is, that you have full control of every single one of these issues, and so you just don’t have to fail, if you so choose.

Business Failure – Not an Option! Part 2 - Click To Read Article
Last month we looked at ten of the most common reasons as to why businesses fail. This month we are going to look at ten others. There is a reason that the statistics are so high as to why businesses fail, but the good news is all the reasons are within your control and we can, by choice choose to succeed and avoid being the statistic.

Characteristics that Make for a Successful Business Owner - Click To Read Article
In this Tips Letter we are going to give 10 characteristics that make for a successful business owner. When reading this, you can use it to determine maybe where you might have a need to hire someone to make up for an area of need for you. The truth is we all have areas we are strong in and areas we need support in, and that is just perfectly fine. Wisdom tells us to recognize who we are and then in our business, hire someone who has the strengths to fill the gap where we have need. That is how you can be very successful.

Accounts Receivables, Income and Deposits—Aren’t they all the same? - Click To Read Article
Many small business owners who do not have much accounting background will often times get accounts receivables, income and deposits confused, thinking they are all the same, and as long as I get the amounts into QuickBooks somehow, I will be covered. This, of course, is not true. In this article, we are going to discuss the differences in these three items and how to properly enter them, so you do not end up with duplicate entries, throwing off both your Profit & Loss and your Balance Sheet.


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