bookkeeping is so much more than collecting, recording and organizing info. theres also what to do with that info once its been organized and this is what you use it for:

• [ ] what are the profit margins
• [ ] what are the manufacturing nd non manufacturing cost
• [ ] what is my most profitable service
  • [ ] understanding operating leverage
  • [ ] understanding sales mix
• [ ] what are my most expensive services to fill
  • [ ] what costs make the profit so expensive and takeaway from profitability
  • [ ] why are those services so expensive
• [ ] what projects bring in money the quickest
• [ ] compare planned costs, standard costs to actual cost so you can better prepare for next time nd also control the costs. maybe there was something included that could have been reduced/eliminated
• [ ] is there anything you are spending too much money on
• [ ] reporting based on raw materials, overhead and labour
• [ ] create job cost sheet
  • [ ] raw materials
  • [ ] direct and indirect labour cost
  • [ ] overhead
• [ ] how much better is one service/product doing vs another based on cost
• [ ] how much of each service contributes to revenue and how profitable are they in comparison
• [ ] are delayed charges being utiliized in your QBO
• [ ] run useful reports (qbo is so beautiful you enter the data and it auto populates coherent important info for you to dissect the business)
  • [ ] detailed income report (by class, month, customer)
  • [ ] budget overview and budget vs budget actuals
  • [ ] unbilled charges
  • [ ] open invoices
  • [ ] A/R aging summary and detail
  • [ ] accounts payable aging detail
  • [ ] t5018 detail
  • [ ] taxable sales summary
  • [ ] gst/hst detali report
• [ ] understanding your break even and margin of safety figures and what it looks like input wise