STRATEGIC BOOKKEEPING 102: BEST PRACTICES YOU CAN IMPLEMENT

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System six believes that our clients’ success is our success.

We provide high-value bookkeeping and accounting services to small business owners, helping them achieve their goals while mutually pursuing profitability, all to the glory of God.

Mission

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SUCCESS

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Business Process Model

Expectations What would you like to learn this morning?

Systems & OrganizationQuickBooksFinancial PeaceIncreased ProfitBetter Understanding of your numbers

OPERATIO

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Business Process Model

Expectations What is your BIG problem?

Need for Systems & OrganizationAccuracy with financial data enteredConsistency in invoicing, reconciling Audit ProofingUnderstanding ProfitabilityManaging RiskClean-up: Poor Bookkeepers in past

4 KEYA

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FBU

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Business Process Model

Leadership

Operations

Products & Services

Sales & Marketing

OPERATIO

NALFO

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Business Process Model

Operations Financial Controls

Systems for Duplicate-able Success

Excellence in Execution

Daily/Weekly/Monthly/Quarterly/Annually

Strategic Review

Measuring Success.Are goals being reached?

FINAN

CIALCO

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Financial Controls

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Financial Controls “I’ve got QuickBooks…

Now What??

QuickBooks by itself isn’t a financial system for success

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Financial Controls

“If you are like me, most entrepreneurs have no idea how to setup systems and structures for managing their money.

FINAN

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Financial Controls

What is the solution?A step-by-step methodology for bringing structure and order to your bookkeeping and financial management.What you should be doing and when you should be doing it.

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KKEEPING

SYSTEMS

Excellent Execution

FINAN

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Financial Controls

“A good financial system makes your business run. Clean bookkeeping that provides good instrumentation is worth a lot of value.”

Steve NelsonCPA and author QuickBooks & Quicken for Dummies

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Excellent Execution How to

MeasureBusiness

vs. Personal

Separate Bank

Accounts

Good Record Keeping

Audit Proofing

Tech

QuickBooksMozy

Fileworks

Systems Checklists

AccuracyInvoicing

Day-to-dayReconcile

WHAT

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Financial Controls What to Measure

Income/Expenses

SALES

By Biz Segment

SALES

By Customer

EXPENSES

In Detail

Balance Sheet

Cash on Hand

A/R

Accounts Receivable

A/P

Accounts Payable

Debt

FINAN

CIALCO

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Financial Controls

“If you can’t measure it, you can’t manage it.”

Steve LaFeverFounder and Creator, Profit Mastery University

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KKEEPING

SYSTEMS

Excellent Execution

WHY

TOM

EASURE

Strategic Review Why to

MeasureProfit

Pay down Debt

In Your Pocket

Expand Business

Performance

Work In the Business

Key Performance

Indicators

Goals

E-Myth

Steer the Ship

Work On the Business

4 KEYA

REASO

FBU

SINESSFO

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Business Process Model

Leadership

Operations

Products & Services

Sales & Marketing

WHY

TOM

EASURE

Strategic Review Gross Revenue

is a function of:

# Buyers

$$Average

Transaction Size

Frequency(Reasons to

Buy)

WHY

TOM

EASURE

Strategic Review Revenue

Ratchet

##

Increase Buyers

$$Increase Average

Transaction Size

Increase Frequency

(Reasons to Buy)

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KKEEPING

SYSTEMS

Excellent Execution

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SUCCESS

SYSTEMSIX

WEBSITE