Business Analytics for QuickBooks ProAdvisors- Part 1

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Yep, Good Information for Part 5

Your article is very useful for anyone such as myself preparing for the new QBOL tests. I would recommend a few edits, however. Change "earnings before income and taxes" to "earnings before interest and taxes," "businesses' " to "business' " in two places where singular is intended (for profitability and overhead), and perhaps explain the difference between net profit and operating profit (difference would seem to be owners' draw based on the text). I mean these edits in a very positive way, as I find the first of your series to be excellent. The Moderator may want to send these comments directly to the author without posting anything other than my first sentence. ;-)

David Warlick more than 2 years ago

Thanks for your comments....

Since the Editor is the same as the Author in this case, I will certainly accept your recommendations in the spirit you gave them.

Once again, thanks for your comments, and thanks for reading Intuitive Accountant.

Murph

insightfulaccountant.com more than 2 years ago

Good going on this series!

Clients do want this, consultants just aren't sitting down saying, "hey, let's do this. I"ll talk you through it, make it simple for you to understand." Once I do that, my experience is that the client wants to explain why they think it is what it is. It ends up feeling like a business therapy session because once they explain why they are doing what they're doing I don't really have anything to add. It's not necessary anyway. We can just move onto the next metric. Because just like therapy changes lives, I watch the business owners make changes and improve profitability. And it's so rewarding for them to see that measured. (Not that I can pass that 5th section of the exam, which I resoundingly cannot, even though I've been doing this for over a decade). Also, I'm reading another book this is actively in print on this subject that I want to recommend. It's called "Pulse". It's a sequel to my book Radically Simple Accounting, picks up where I leave off, and the cover even matches, so they look as if they belong together. So I recommend that book as well as these series of articles, Good going on these series of articles!

Madeline Bailey more than 2 years ago

Thanks

and good luck with 'your' book sales.

Murph

insightfulaccountant.com more than 2 years ago

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