Jonathan Bill, Author at SBS Accounting & Advisors

Look at your cash balance report daily

Cash is king, and that is especially true for small businesses. As an owner or manager, you mustkeep an eagle eye on cash balances to ensure the financial stability of your company. You don’twant to be caught in a situation where it’s Monday, cash reserves are low,...

Creating a budget using financial reports

by Jonathan Bill

In our last article, we highlighted three ways to analyze financial reports. As we discussed,documents including the income statement and key performance indicators (KPIs) such ascurrent ratio and quick ratio can give you valuable insight into what’s going on in...

3 ways you should be analyzing financial reports

by Jonathan Bill

Small business owners must pay close attention to financial reports, because they give essential insights into the financial health and performance of the business. Correctly analyzing the balance sheet, income statement, and cash flow statement will yield invaluable...

Correctly interpreting your Labor Efficiency Ratio can pay big

by Jonathan Bill

In the last article, we introduced a key metric called the Labor Efficiency Ratio (LER). Basically, the LER measured how much a unit of revenue costs to produce. We’d encourage you to go back and read the previous article if you haven’t already. The higher the LER,...

Track your Labor Efficiency Ratio to spend salary dollars more efficiently

by Jonathan Bill

Gain insight into a big expense from this simple metric For most small companies, labor is the biggest expense. So as a business owner or manager, you need to keep a close eye on the relationship between the money spent on employees and contractors and the resulting...