This business coach's bookkeeping business advice is good for any small business

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) August 15, 2008 -- Business coach and bookkeeping business analyst Laurie O'Neil has just released a series of free articles on her web site. Her most recent article, Bookkeeping Business Advice: Put Value to Your Time with Zero Dollar Checks, is available for immediate download at www.bkpr-network.com.

Any small business that runs QuickBooks can make use of this powerful bookkeeping business advice. The author and business coach recommends that bookkeeping business owners attach a dollar amount to their time. In this article O'Neil outlines how bookkeeping businesses can be fundamentally improved by taking this one small step.

For instance, by attaching a value to their time, bookkeeping business owners can run QuickBooks reports that track the profitability of each client. They can analyze their pricing and they can better manage time spent on tasks that produce little or no income. Any small business owner can do the same.

The bookkeeping business coach shows how bookkeeping service providers can set themselves up in QuickBooks as a vendor to their own businesses. "Now when you run your 'Job Profitability Summary' you have actual cost for your time and you can see if your margins are within 70% of what you billed.

"If they are not, your pricing is not high enough. I tell my business mentoring clients to always keep in mind that 1/3 of cost goes to overhead, 1/3 of cost goes toward direct cost and the remainder 1/3 goes to the owner," counsels the bookkeeping service business advisor.

"If you are an individual bookkeeper, you can enable the timesheets in QuickBooks and use them to keep track of your time and run reports. If you have more than one person in the office, as in my firm, use the QuickBooks Time Tracker, which comes on your QuickBooks Installation CD," she shares.

O'Neill gives the reader bookkeeping business advice on how to post a negative dollar amount to the payroll account so that, "You have now put value to your time with a zero dollar check."

Download the article now for the bookkeeping business advice that any small business owner should learn to implement.
In upcoming articles, readers will learn about:
� The One-Page Business Plan for Your Bookkeeping Service
� Small Business Advice: Improve Your Accounts Receivable Collection Cycle

� Outsourcing Payroll: The Good, The Bad and The Ugly

Laurie O'Neil is the co-founder of The Bookkeeper's Referral
Network Inc., the place where business meets great bookkeepers. To get your
copy of a free special report, The 9 Disastrous Mistakes Most Freelance
Bookkeeper's Make in Business (and How You Can Avoid Them!), visit
www.bkpr-network.com and .

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