FABBI LLC

Did you know that with the right smart savings tools, you can supercharge your E-Commerce profits by up to 15% in just one year? 🚀 Most entrepreneurs aren't aware of these hidden opportunities, but our clients have the advantage. We've been leveraging these strategies in our collaborations, helping their businesses grow and scale like never before. Let's dive right in: 1. Choose the Right Credit Card Processor: Your payment processing costs can significantly impact your bottom line. It's crucial to compare options and choose the cheapest credit card processor available. By doing so, you'll save money on transaction fees, making your products or services more competitively priced. Your savings can translate into increased profits over time. 2. Hunt for Deals and Discounts: In the world of e-commerce, margins matter. To stay ahead, actively seek out deals and discounted inventory that's cheaper than what your competitors or vendors are offering. Lower acquisition costs mean healthier profit margins. Remember, every dollar saved adds up and contributes to your overall profitability. 3. Evaluate Your Hiring Strategy: Labor costs can be a significant expense for small businesses. Consider whether you need to hire full-time employees or if utilizing 1099 contractors could be a more cost-effective solution. For instance, hiring a contractor like a bookkeeper on a part-time basis can save you money on benefits and payroll taxes while ensuring you receive the expertise you need. Implementing these strategies could be the key to unlocking extraordinary growth in your E-Commerce venture. Every penny saved can contribute to your bottom line, and by making informed decisions on payment processing, inventory management, and staffing, you'll be on the path to increased profits in no time. Remember, the E-Commerce landscape is dynamic, and staying competitive requires constant adaptation. Keep these tips in your toolkit, and don't hesitate to explore further strategies that align with your business goals! #ECommerceSuccess #ECommerce #OnlineBusinessTips #ProfitBoostingStrategies #SmallBusinessGrowth #EntrepreneurialInsights #DigitalCommerceProfit #SmallBusiness

Unveiling the Hidden Secrets: Decoding Balance Sheet Trends for Business Success So what exactly is a Balance Sheet, and why is it essential for your business? 🤔 In simple terms, a Balance Sheet provides a snapshot of your business's financial position at a given point in time. It highlights your assets, liabilities, and owner's equity, giving you a clear picture of what your business owns, owes, and its net worth. Now, let's break down the key components of a Balance Sheet: 👉 Assets: These are items of value that your business owns, like cash, accounts receivable, equipment, or inventory. 👉 Liabilities: These represent your business's debts and obligations, such as loans, accounts payable, or accrued expenses. 👉 Owner's equity: Also known as shareholder's equity or capital, this includes the investment you've made in your business and retained earnings. Analyzing Balance Sheet trends can provide crucial insights into your business's financial health and performance over time. Here are some tips to help you effectively analyze Balance Sheet trends: 1️⃣ Comparative analysis: Compare Balance Sheets from different periods to identify trends and changes. This allows you to track the growth or decline of specific assets, liabilities, and owner's equity categories. Look for significant variations and investigate the underlying reasons. 2️⃣ Liquidity assessment: Assess the liquidity of your assets, such as cash and accounts receivable, to ensure your business can meet short-term obligations. Calculate liquidity ratios like the current ratio (current assets divided by current liabilities) to determine if you have enough readily available assets to cover liabilities. 3️⃣ Debt management: Examine your long-term and short-term debt levels to gain insights into your borrowing habits and repayment abilities. Calculate debt-to-equity ratios to see how much of your business's financing comes from debt versus equity, and monitor changes in these ratios over time. For the other 3 tips, check out the comments below the post Remember, analyzing Balance Sheet trends is not a one-time task. It's an ongoing process that helps you make informed decisions about your business's financial future. If you find the analysis overwhelming or need expert guidance, consider partnering with a trusted accounting firm like FABBI to ensure accurate interpretation and customized advice. Stay proactive, stay vigilant, and unlock the power of Balance Sheet analysis to fuel your business's growth and success! If you have any more questions or need further assistance with analyzing Balance Sheet trends, feel free to ask. We're here to help! 👇

An accounting journal entry consists of two very important accounting principles, a debit and a credit “Debits and credits” is a fancy accounting terminology for “adding or subtracting”, but in regards to the accounting categories’ of assets, liabilities, and equities Accountants use adjusting journal entries to finalize the financials, correct, and close the books Example ⬇️ A Mortgage Payment typically consists of 4 things: • Principal Payment • Interest Payment • Property Taxes • Insurance Sometimes a bookkeeper who is inexperienced, or a business owner who doesn’t know, will “book” in their financials a $4,000 payment to the basic account of “mortgage” (which is a liability account, and doesn’t hit the Profit and Loss). However, in reality, it should really be split between the 4 categories: $1,000 to Mortgage (Balance Sheet Liability), $1,000 to Interest (P&L Expense), $1,000 to Property Taxes (P&L Expense), and $1,000 to Insurance (P&L Expense) Doing an adjusting journal entry will “true-up” the financials, and show the proper division of $3,000 as an expense and $1,000 as a payment towards their liability It is essential as a bookkeeper to keep track of these categorizations properly on a consistent basis, but don’t worry, if not, an accounting firm like FABBI can help adjust and make them accurate #bookkeeping #bookkeeper #accounting #taxes #tax #smallbusiness #accountant #taxrefund #quickbooks #entrepreneur #business #smallbusinessowner #financialfreedom #bookkeepingservices #quickbooksonline #payroll #taxtime #financialliteracy #quickbooksproadvisor #creditscore #finance #subcontracting

Check yourself If you're not using at least one of these recommendations, you're risking losing money or time Always approach your bookkeeping consciously! #bookkeeping #bookkeeper #accounting #taxes #tax #smallbusiness #accountant #taxrefund #quickbooks #entrepreneur #business #smallbusinessowner #financialfreedom

Do you feel like you're juggling too many tasks and struggling to keep track of your finances? Are you finding it difficult to understand where your money is going and what needs to be done next? If you're spending too much time on bookkeeping and not enough on growing your business, it's time to consider hiring a bookkeeper Bookkeeping is essential for any business, but it's not something that just happens automatically. You need to keep track of all your expenses and revenue to understand what's working and what's not. This can be overwhelming and time-consuming, which is why hiring a bookkeeper can be a wise decision As your business grows and evolves, it becomes even more important to have someone who can help you manage your finances. A bookkeeper can provide you with the support and guidance you need to stay on top of your cash flow, so you can focus on the things that really matter – growing your business and achieving your goals FABBI offers you the financial back office to any business. We handle bookkeeping, A/R and A/P, advisory, and tax services We have real man power behind the numbers, not just an automated system, to ensure the most accurate categorization and classification of transactions #smallbusinessowner #financialfreedom #bookkeepingservices #quickbooksonline #payroll #taxtime #financialliteracy #quickbooksproadvisor #creditscore #finance #subcontracting