3 QUESTIONS YOU NEED TO ASK
1) Are you making a profit?
2) Is there enough cash to run the business?
3) Is the business supporting the kind of life you
want to live?
WHY WE'RE DIFFERENT
At PBS Inc. we use Profit Building Systems to our bookkeeping processes that put your PROFIT CENTER as the focus of the services we provide. The standard accounting equation used to determine a business' profitability is as follows:
SALES (-) EXPENSES (=) PROFIT or LOSS
We'd like to introduce a new accounting concept that states:
SALES (-) PROFIT (=) EXPENSES
With this equation there isn’t an option for a LOSS because we make PROFIT the priority not the end result. Spending without a budget plan in place is simply hoping for the best. But when you create a budget plan that allows spending to support your PROFIT TARGET you are guaranteed a healthy profit margin because your plan is designed with the end in mind: PROFIT FIRST.
We read numbers every day! We know your revenues and expenses on a consistent basis, we utilize this information to help you understand your numbers through 3 KEY GAUGES:
1) Profit & Loss Statement (also known as the Net Income
2) Cash Flow Statement
3) Balance Sheet