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Jun28

Partnership for making better business decisions

ProfitCents is playing a key role in the Mason Contractors Association of America’s latest efforts to help members make better business decisions. MCAA, the national trade association representing mason contractors, recently announced it had entered into a strategic partnership with Sageworks, the maker of ProfitCents, to offer the ProfitCents financial analysis solutions at a special discounted rate.

MCAA

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Jun18

Why accountants choose ProfitCents

Accounting professionals go the distance for their clients and arm themselves with the information and tools they need to be successful at their jobs. That’s why accountants looking to win new clients and increase engagements use ProfitCents, the leading solution for the financial analysis of privately held companies.

ProfitCents

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Mar17

1 Easy way to go from tax accountant to trusted advisor

Providing feedback is an easy way for accountants to offer value-added services that can deepen client relationships and help transform them from tax accountant to trusted advisor. This post explains how to provide feedback and plant a seed to grow your business.

Image by Little Box via Flickr CC

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Jan24

How are private and public companies different? Views on returns

Sageworks Chairman Brian Hamilton explains in a three-part video series how private and public companies differ in some key ways. In this video (part two), Hamilton describes how private-company managements' perspectives on returns might vary from the views of public-company managers.

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Dec28

How to develop cash flow analysis

There's nothing quite like cash. It is necessary to start, maintain and grow business operations. However, many small business owners struggle with managing and sustaining their cash reserves. Flawed cash flow analysis or insufficient capital can drastically and negatively affect daily business operations, as well as loan eligibility.
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Apr21

Business owner? Get more from your bookkeeping software, QuickBooks®

Given all the other demands on business owners’ time, financial analysis or a thorough review of the company’s financial situation is usually under-prioritized. Businesses that use QuickBooks® or other common bookkeeping systems* can leverage the centralized and up-to-date data they have in the system to get more immediate and in-depth insights into their company. [More]

Sep06

How do private companies stack up against public companies?

Private companies’ profitability has lagged that of public companies in the S&P 500 through the recession and recovery, according to recent data from Sageworks. But private companies took a less drastic hit to sales, on a percentage basis, and saw less compression and less volatility in their net profit margins during that time period. [More]

Jun14

How to use financial statements to improve cash flow

In business, as in most endeavors, passion is a key ingredient to success. Entrepreneurs who genuinely enjoy sales, operations, and customer service are much more likely to build profitable firms than individuals who are simply “going through the motions” of business in the name of making money. But even the most enthusiastic managers will enjoy much greater success if their passion is governed by sound financial discipline, which stems from an understanding of their financial statements. [More]

Apr30

Does size matter? Sales growth, margins by company size

Privately held companies have a huge impact on the U.S. economy, and new data from Sageworks Inc., a financial information company, shows that sales and margin performance through the recession and so far in the recovery has varied, depending on the size of the company. Data showed that firms with the highest annual revenues in the Sageworks database have seen the sharpest rebound in sales since 2009. Meanwhile, the very smallest firms have seen the biggest improvement in net profit margin since 2009. [More]

Apr25

It wasn't overnight, but private hotels have turned around

Privately owned hotels have weathered a difficult recession and are back on a profitable path. The industry posted positive net profit margins in 2011 for the first time in three years, and sales increased about 8 percent, according to a financial statement analysis of privately owned hotels by Sageworks. [More]