All Topics > Financial Services > Financial Resolutions >

Financial Resolutions Illinois

A list of New Year's resolutions that will help you improve your bottom line. Read this article and learn more.

Local Companies

CMFS Group, Inc.
309-263-0022
204 N. Main Street
Morton, IL

LPL Financial Services
(312) 923-8700
420 W Grand Av
Chicago, IL

Trans Financial Solutions LLC
630-557-5152
PO Box 803338
Chicago, IL

Palmer Financial Services
312-624-9464
770 N. LaSalle Street
Chicago, IL

Heinold-Banwart Ltd.
(309) 694-4251
2400 North Main Street
Peoria, IL

312 Universal American Financi
(312) 840-8575
401 N Michigan Ave
Chicago, IL

A R Umans
(312) 654-9380
194 E Delaware Pl
Chicago, IL

Equipment leasing
919391657907
121 W Wacker Drive, Suite 2020
Chicago, IL

Clifton Gunderson LLP
(309) 671-4500
301 SW Adams
Peoria, IL

Ginoli & Company Ltd.
(309) 671-2350
411 Hamilton Blvd
Peoria, IL

Here's a list of New Year's resolutions that will help you improve your bottom line.

Develop an operating budget. You need to understand how much it costs you to run your company. The best way to do that is to develop a financial reporting system that lets you compare a budget to actual operating expenses on a monthly basis.

Learn to read financial reports. By analyzing a monthly balance sheet, income statement, cash flow statement, and other financial reports, you can find out a lot about your company's performance. Ask your accountant for help, or consult a reference such as Remodeler's Guide to Making amp; Managing Money by Linda Case (published by Remodeling Consulting Services, www.remodelersadvantage.com).

Use job cost reports as a management tool. For every job, review the variances between budgeted and actual costs every week. Then curb potential cost overruns before it is too late.

Cut operating costs. Question all expenses. Once you start looking, you'll find many expenses you can shave. Cell phone use and excessive travel from jobsites to pick up supplies are two places to start.

Strive to improve gross profit by at least 2% and reduce operating expenses by another 1%. On annual volume of $1 million, a 3% increase in net profit would add $30,000 to your bottom line. That's not bad for simply following through on your New Year's resolutions. --Steve Maltzman, CPA, is president of Builder Accounting Services in Redlands, Calif. smcpa@aol.c

Click here to read full article from Remodeling

Featured Local Company

CMFS Group, Inc.

309-263-0022
204 N. Main Street
Morton, IL
www.cmfs.net

Read more about Financial Resolutions

- Are a nonprofit's finances public information Illinois

A look at financial disclosure law for non-profit businesses. It talks about what financial information must be given to the IRS.

- Achieving Financial Freedom Illinois
- Tips for Becoming a Financial Advisor Illinois
- Finding Certified Financial Advisors Illinois
- Financial Resolutions Illinois
- How to Get Student Financial Aid Illinois
- How to Hire a Financial Planner Illinois
- Auditing Standards in Financial Reporting Illinois
- Financial Services Illinois
- How to Avoid Financial Mistakes Illinois

Regional Articles

- How to Hire a Financial Planner Illinois

Above all, make sure you're comfortable with your planner. Personality does count. That doesn't mean that when your planner sternly tells you that you need to stop spending more than you make you should ditch them immediately. It does mean that your planner should take the time to teach you why you should consider a certain product. Don't let a planner push you into something you're uncomfortable with.

- Auditing Standards in Financial Reporting Illinois
- Financial Resolutions Illinois
- Achieving Financial Freedom Illinois
- How to Avoid Financial Mistakes Illinois
- Finding Certified Financial Advisors Illinois
- How to Get Student Financial Aid Illinois
- Are a nonprofit's finances public information Illinois
- Tips for Becoming a Financial Advisor Illinois
- Financial Services Illinois

Related Local Events

QUALITY EXPO 2009
Dates: 9/14/2009 - 9/17/2009
Location: Donald E. Stephens Convention Center
Rosemont, IL
View Details

Shared Services for Finance and Accounting
Dates: 7/20/2009 - 7/22/2009
Location: Hyatt Regency McCormick Place
Chicago, IL
View Details

Financial Analysts Seminar
Dates: 7/19/2009 - 7/24/2009
Location: Gleacher Center
Chicago, IL
View Details

ANNUAL SIX SIGMA IN FINANCIAL SERVICES CONFERENCE 2009
Dates: 6/23/2009 - 6/25/2009
Location: WCBF Six Sigma Solutions
Chicago, IL
View Details

U.S. Tax Planning in the Current Economic Environment
Dates: 6/18/2009 - 6/19/2009
Location: Baker & McKenzie Conference Center
Chicago, IL
View Details

Advertising	Food & Beverage	Nightlife
Business Services	Franchise	Online Database
Career	Health	Pets
Cars	Holidays	Real Estate Resources
Computer Hardware	Home Appliances	Retail & Consumer Services
Construction	Home Electronics	Software
Education	Home Services	Technology
Entertainment	Industrial Goods & Services	Telecommunications
Environmental	Insurance	Trade Shows
Family	Internet	Travel
Fashion	Legal	Weddings
Financial Services	Miscellaneous	World History

Advertising	Family	Home Services	Real Estate Resources
Business Services	Fashion	Industrial Goods & Services	Retail & Consumer Services
Career	Financial Services	Insurance	Software
Cars	Food & Beverage	Internet	Technology
Computer Hardware	Franchise	Legal	Telecommunications
Construction	Health	Miscellaneous	Trade Shows
Education	Holidays	Nightlife	Travel
Entertainment	Home Appliances	Online Database	Weddings
Environmental	Home Electronics	Pets	World History