Have you ever wondered?
- No matter the size of your company from small to large, keep track of all costs related to each client and their corresponding project
- Make a note of the items that are billable. In other words, costs that you would like to be reimbursed for from the client. This should be discussed with the client in advance to prevent any disputes or misunderstandings.
- Entrepreneurs tend to be hesitant when billing their clients and sharing the information with employees. When discussing any client’s quote, explain that there are always additional costs in running a company and employing workers. All income received is not always considered profit.
- Have employees keep track of their hours. This helps to give you a view of how much time and effort is put into a project, and if the project was worth the time that was spent on it.
If in the past, you’ve made one or more of the above errors, no worries! Greenlight Financial can assist you! We can get you organized, give you an overall picture of your income and expenses and how to better quote future projects, and more!