PEK Accounting | Consulting

HAVE AN ACTIVITY PLAN TO BUILD YOUR COMPANY’S BALANCE SHEET STRENGTH. Financial decisions can be seen on the BALANCE SHEET. What decisions do you see on your BALANCE SHEET? A decision is made to rent warehouse space and hire an employee. You will see on your BALANCE SHEET: ·??????CASH balance decreases. ·??????EQUITY-NET income decreases (RENT expense increases). ·??????EQUITY-NET income decreases (PAYROLL expense increases). MANAGEMENT’S ACTIVITY is to evaluate the decision and determine: ·??????Does less CASH build BALANCE SHEET strength? ·??????Does more RENT expense build BALANCE SHEET strength? ·??????Does more PAYROLL expense build BALANCE SHEET strength? Management’s evaluation is the key ACTIVITY that works to build BALANCE SHEET STRENGTH. https://lnkd.in/guNv8_vG Reach out to Paul and join a BALANCE SHEET information meeting LIVE or on a ZOOM.

HAVE AN ACTIVITY PLAN TO BUILD YOUR COMPANY’S BALANCE SHEET STRENGTH. See below: BALANCE SHEET information meeting Wednesday, December 18 at 10 a.m. CT. Financial decisions can be seen on the BALANCE SHEET. What decisions do you see on your BALANCE SHEET? A decision is made to purchase inventory and equipment. You will see on your BALANCE SHEET a reduction in the cash balance and an increase in the inventory balance. ·??????CASH balance decreases. ·??????INVENTORY balance increases. ·??????EQUIPMENT balance increases. ? MANAGEMENT’S ACTIVITY is to evaluate the purchases and determine: ·??????Does less CASH build BALANCE SHEET strength ·??????Does more INVENTORY build BALANCE SHEET strength? ·??????Does more EQUIPMENT build BALANCE SHEET strength? Management’s evaluation is the key ACTIVITY that works to build BALANCE SHEET STRENGTH. https://lnkd.in/guNv8_vG Message Paul to receive the ZOOM link to the BALANCE SHEET information meeting on Wednesday, December 18, from 10 a.m. to 10:45 a.m. Central Time.

PERFORM A MONTHLY ANALYSIS TO BUILD YOUR COMPANY’S BALANCE SHEET STRENGTH. See below: BALANCE SHEET information meeting Wednesday, December 11 at 10 a.m. CT. Every month accounting provides a report to management that compares the previous and current month-end BALANCE SHEETS. Management analyzes the report and determines why the balances changed from the previous month. The analysis guides management’s financial decisions. They have a better understanding of how their monthly decisions impact the BALANCE SHEET accounts. The analysis builds BALANCE SHEET strength by connecting decisions to that objective. Message Paul to receive the ZOOM link to the BALANCE SHEET information meeting on Wednesday, December 11, from 10 a.m. to 10:45 a.m. Central Time. https://lnkd.in/gzrYXmTR

PERFORM A WEEKLY ANALYSIS TO BUILD YOUR COMPANY’S BALANCE SHEET STRENGTH. Every Friday accounting provides management a report with the balances in these BALANCE SHEET accounts. ·??????Cash ·??????Accounts Receivable ·??????Inventory ·??????Accounts Payable Management analyzes the report and determines why the balances changed from the previous week. The analysis guides management’s financial decisions. They have a better understanding of how their weekly decisions impact the BALANCE SHEET accounts. The analysis builds BALANCE SHEET strength by connecting decisions to that objective. Message Paul to join a BALANCE SHEET information meeting LIVE or on a ZOOM. www.pekaccounting.com

WHY ARE BALANCE SHEET ASSET RESERVES NEEDED? ASSET RESERVES are needed for uncertain financial periods that result from down-and-up revenue cycles. ? ASSET RESERVES are cash accounts, inventory and liquid fixed assets. Uncertainty in down revenue cycles is due to less cash collected. Uncertainty in up revenue cycles is due to delays in cash collected and pressure to increase spending. Without ASSET RESERVES the business cannot manage through uncertainty. Message Paul to join a BALANCE SHEET information meeting LIVE or on a ZOOM. www.pekaccounting.com

BALANCE SHEET STRENGTH DOESN’T JUST HAPPEN. THERE HAS TO BE A PLAN. Specific financial activities performed consistently drive BALANCE SHEET strength. The activity PLAN drives the business toward a financially stronger BALANCE SHEET. With no activity PLAN, building a stronger BALANCE SHEET is in question. Strong means knowing that assets are in place to maintain business stability in up-and-down revenue cycles. Initiate activity PLANS that drive BALANCE SHEET strength. Message Paul to join a BALANCE SHEET information meeting LIVE or on a ZOOM. www.pekaccounting.com

WHEN YOU LOOK AT YOUR BALANCE SHEET, WHAT DO YOU SEE? Shortly after the end of each month your Accounting team should present a report that shows the BALANCE SHEET for every month in the current year. The report may show you an Accounts Payable Balance that is higher than the Cash Balance. An operating CRISIS may come soon! Watch out and prepare if a large difference exists. Knowing if your BALANCE SHEET is in CRISIS is critical for decision making! (Scary music plays!) Message Paul to join a BALANCE SHEET information meeting LIVE or on a ZOOM. www.pekaccounting.com

THERE IS A SINGLE FINANCIAL OBJECTIVE FOR EVERY BUSINESS: BUILD A STRONG BALANCE SHEET. Achieving the objective involves making decisions to increase your assets and decrease your liabilities. This makes your BALANCE SHEET financially stronger! Every decision impacts the BALANCE SHEET. Business owners should create a decision-making environment that will achieve the objective. MESSAGE PAUL to join a BALANCE SHEET information meeting live or on a ZOOM. Contact PEK today! ? PEK Accounting | Consulting

WHEN DO YOU NEED TO LOOK AT YOUR BALANCE SHEET?? Accounting software gives you the ability to look at your BALANCE SHEET every day. Is that necessary? A recognized accounting practice is to record all financial transactions on a weekly basis. Then every Friday, the Balance Sheet will have meaningful account information: ·??????Total Cash ·??????Total Accounts Receivable ·??????Total Inventory ·??????Total Accounts Payable Don’t wait for the month-end numbers: Knowing BALANCE SHEET account weekly changes is critical for decision making. Message Paul to join a BALANCE SHEET information meeting live or on a ZOOM. Contact PEK today! ? PEK Accounting | Consulting

HAVE YOU TAKEN PEK’S BALANCE SHEET STRENGTH ASSESSMENT? The assessment helps you see how your company tracks to developing and maintaining a strong BALANCE SHEET. Ask your management team these questions: 1.?????Do your decision-makers review the BALANCE SHEET regularly? 2.?????Can they identify the most significant BALANCE SHEET accounts? 3.?????Do they understand how the P&L relates to the BALANCE SHEET? Every decision your management team makes impacts your BALANCE SHEET.?Understanding those impacts is the key to building BALANCE SHEET strength. MESSAGE PAUL to join a BALANCE SHEET information meeting LIVE or on a ZOOM. Balance Sheet Business Management ? PEK Accounting | Consulting