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Financial Resolutions Indiana

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

Local Companies

Integrated Financial Services, Inc.
260-436-2001
825 S. Barr Street
Fort Wayne, IN
Vogelsang Asset Management LLC
219-462-0110
870 Eastport Centre Drive
Valparaiso, IN
Heritage Advisory Group
219-926-4400
1496 Pope Ct
Chesterton, IN
ProEquites
219-864-5050
1316 Eagle Ridge Drive
Schererville, IN
Harvest Financial Planning, LLC
219-864-5050 x15
930 US Highway 30
Schererville, IN
Eagle Nationwide Mortgage Company ~ Dawn Phillips
219-746-4176
742 E Lincoln Hwy
Schererville, IN
Coldwell Banker Home Loans
877-202-8620
20 E Hwy 30
Schererville, IN
Edensway
574-533-3020
P.O.Box 317
Goshen, IN
First Choice Financial Services
(317) 639-6600
310 N Alabama St
Indianapolis, IN
Clarke Jim & Associates
(317) 573-0040
11590 N Meridian St
Carmel, IN


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

Integrated Financial Services, Inc.

260-436-2001
825 S. Barr Street
Fort Wayne, IN
Read more about Financial Resolutions

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