Episode 3 of my series: Your numbers should make sense.
If you're a founder, check these 5 numbers every month:
1️⃣ Cash in the bank: what you can actually spend today, not your profit.
2️⃣ Monthly burn and runway: how many months until you hit zero.
3️⃣ Gross margin: what's left of each dirham after direct costs. If it's shrinking, growth won't save you.
4️⃣ Money owed to you: unpaid invoices and how old they are. Profit on paper doesn't pay salaries.
5️⃣ Tax you haven't set aside: VAT collected isn't your money, and corporate tax is building on your profit. Know the number before the deadline does.
If your monthly numbers don't tell a clear story, that's not a finance problem. It's a visibility problem, and it's fixable.
Which of these five do you check the least? Tell me in the comments.
The client's inventory wasn't organized. Products weren't consistently recorded, there was no SKU structure, and the system's stock figures didn't match what was physically on the shelves. That made it hard to know what they really had, what it was worth, and what their cost of sales should be.
What I did
Chose the right tool. I recommended QuickBooks Plus, which handles inventory tracking properly, rather than patching up spreadsheets.
Built the product list. I added every product to the system and allocated a clear SKU to each one.
Sorted the inventory. I organized the stock records so each item could be identified and tracked.
Reconciled to a physical count. I compared the system quantities with the actual stock on hand and resolved the differences.
Small business owners: your books don't have to be overwhelmed.
I'm building Balanced by Ash to help small businesses keep their bookkeeping organized and up to date.
I can help with: Quickbooks online bookkeeping, Transaction categorization, Bank and account reconciliations, accounts payable and receivable, invoicing, data entry and bookkeeping cleanup, basic financial reports.
I'm QuickBooks trained and Intuit Bookkeeping certified, and I'm currently taking on small freelance bookkeeping projects.
If your books need a little organization-or you have bookkeeping work that's been sitting on your to-do-list-I'm available for project-based work.