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All In One Accounting, Inc.

4120 Lexington Way

Eagan, MN 55123

Ph: 612.845.0398

info@allinoneaccounting.com

   

 

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Friday
Feb172012

All In One's Dan Schneider - in the Minneapolis/St Paul Business Journal

Checkout the highlight for our very own Dan Schneider in the People section of the Business Journal:  http://www.bizjournals.com/twincities/potmsearch/detail/submission/475851.

Friday
Feb172012

All in One Accounting Featured in New Business Minnesota

It’s amazing what can happen when an artist and accoun­tant put their heads together during one of the toughest economies in a generation. In a word: Growth. Read how fast-growing Archetype and All In One Accounting worked together to maintain profitability during challenging social and economic times.


Saturday
Dec172011

Announcing our newest All In One Team Member - Becky!

The All In One Accounting team is excited to announce the addition of Becky Lewis to the team in December! Becky's experience and energy will be a wonderful compliment to the robust All-In-One Accounting controller services. 

Prior to joining All In One Accounting, Becky worked in public accounting as well as various accounting leadership positions in both large and small work environments. Becky finds the greatest satisfaction in supporting small businesses because she enjoys seeing the immediate impact of her contributions. 

We are more then excited to have her as part of the team!

Check out Becky's profile and the rest of the All In One team at www.allinoneaccounting.com/about-us

Tuesday
Nov152011

2011 / 2012 Evaluation and Planning

MAKING THE MOST OF YEAR-END

When approaching the end of your fiscal year, the focus tends to be on taxes. While getting everything in order, it is also important to not lose sight of evaluating and planning for 2012. The information is right there, so it is the perfect time to analyze, learn and make critical business decisions for next year and beyond.

However, before you can plan for next year it is important to have everything in order for this year. We have created this checklist for you to help you with this process, or feel free to pick up the phone and give us a call with any questions you may have.

STEP 1:  Get your financial books in order

This is probably the most critical step in the year-end process. It is very important that your books are up-to-date and accurate, otherwise analysis and decision making may not be possible.  

STEP 2:  Analyze your financial statements

To truly understand your business’ financial position, your financial statements serve as the best source of key information to discover trends, set a measurable baseline and formulate strategies. Those documents are your Balance Sheet, Income Statement, and Cash Flow Statement.  In addition there are other financial metrics that can be useful including ratios and comparisons to industry standards.

STEP 3:  Review performance against goals

Every year you set goals for your business both operationally and financially. Another important step is to analyze how your business performed against your goals. Make sure you understand both successes and where things came up short.

STEP 4:  Evaluate tax strategies for 2011

It is important to sit back and look at the tax strategies that you are using for your business and determine if you are getting the most out of them. Should you defer income, increase expenses, write-off inventory, or contribute to retirement plans? Communication and planning with your tax professional are vital to this process. 

STEP 5:  Prepare for year-end

Whether you are a do-it-yourselfer or you leverage the expertise of an tax accountant, make sure your information is timely and accurate. You don’t need any surprises when your tax bill comes.

LET’S TALK PLANNING

At All In One Accounting, our mission is to built long term relationships with our clients that continually achieve great results. Spending the extra effort planning at year end makes the year start with energy, and creates an action plan that acts as a guide throughout the next fiscal year.

Here are some points for you to consider when planning for 2012 and as always feel comfortable that we will be here to help you every step of the way.

POINT 1:  Set aside time to focus

Everyone knows they should do it, but many don’t spend dedicated time effectively planning for the year to come. A small investment of time makes a significant difference in how your company operates or goes after strategic goals. Don’t be afraid to ask for help.

POINT 2:  Create well defined performance goals and measures

Setting goals is easy for some and challenging for others. One method for success in this area is to clearly define your performance goals and make sure that you are able to establish Key Performance Indicators (KPI’s) that will become an excellent tool to monitor and manage your business performance.

POINT 3:  Integrate your strategic plan into financial reporting

Your operations, sales and marketing, and financial strategies should directly impact your financial reporting. It is important to set strategic goals, but often more important to be able to monitor and measure those goals. Strategically designed financial reporting will keep you well informed.

POINT 4:  Prepare realistic action plans and start right away

An effective action plan is one that takes into account time and relevance. We can help you assemble action plans that are simple, organized and online. By the way, there is no time like the present to start planning.

Thursday
Nov102011

For Your Information: Potential Scam For Annual Business Registration

As a small business owner, you probably receive floods of emails, postal mail and phone calls wanting you to pay attention to something important, or to purchase a service provided. Unfortunately there are times where marketing can be deceiving and lead you to believe that you are required to do something for your business that isnt accurate and may actually be a scam. Here is one of those examples:  

An email informing me that I needed to complete my Annual Business Registration for the State of Minnesota came to my inbox recently. At first it looked legitimate and then I quickly did some research and realized that is was NOT an official notice from the State; rather it was a solicitation for business from another business. 

Annual business registrations for the state of Minnesota for 2011 are due by 12.31.2011.  You are required to annually register your corporation with the state.  This registration historically has been done by tax preparers at the time of filing your taxes but that is not necessarily the case anymore.  You can easily complete your annual registration online at http://mblsportal.sos.state.mn.us/.  This process is easy and there is no fee unless your business has been terminated or revoked in which case there is a $25.00 reinstatement fee.  

Please feel free to contact me if you have any questions or concerns. I am here to help. heide@allinoneaccounting.com or 612.845.0398