Year-end is approaching fast, probably faster than most of us would like!
I have developed two tools to help get organized for the end of this year and to start off next year on the right foot. The tools are a free 2016 year end checklist and a 2017 revenue goal spreadsheet for your business to utilize. These tools are helpful for all business owners.
You can get your free copies here: http://bit.ly/2gsmFFI. Of course, if you have any questions about how to use the spreadsheet feel free to email (firstname.lastname@example.org) or call (919-610-0192).
I get this question from time to time so I figured I would address it here. I would through a percentage of cash flow. What percentage varies depending on the business. What I would do first, is determine the amount money you want/need to leave in the business to cover operating expenses and growth expenses. Then pay yourself out of the rest.
To record the payment to yourself you would cut a check out of the business and debit an owner – withdraw account on the balance sheet.
If further information or if you have any questions do not hesitate to ask. www.eagleeyebookkeepingservicesllc.com