Allay Accounting, PLLC

Profit Is Not The Same As Revenue

Have you looked at your profits lately? It’s so easy to focus on revenue but forget about profits. For example, you can have a business that generates $1 million in revenue and if the expenses total to $900,000, the profit is $100,000. If you have a business that generates $200,000 in revenue and expenses total…

Get Paid, Save on Fees

You know what’s the worst? When you do the work and then have to wait foooreeevveer to get paid. Or when you see how much credit card and online processing fees are costing you. Do you ever look at those? The average fee with credit card payments is close to 3%, which doesn’t sound like…

Allay Accounting, PLLC

How to Increase Profits

Put simply, if you want to increase your profits, you can do two things: create more revenue without the same increase in expenses OR start cutting out the expenses that aren’t helping you make money. Look over your business expenses so far this year and categorize them into: Those that are needed in order to…