Founder of Powder Accounting Group. Clean books and clear numbers for property managers, HOAs, and restaurants in Colorado. Snowboarder, accountant.
Frisco, Colorado
Joined December 2022
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Trenton Uffman retweeted
You know what you need before hiring a fractional CFO?
👏👏👏 Bookkeeping 👏👏👏
Trenton Uffman retweeted
Tip for those of you using QB Online Payments:
My rule of thumb - if an invoice is over $1k I will disable the CC payment option.
This will force the client to pay by bank account which is only 1% with a $10 max versus 2.99% with no max.
#agencyowner #agency #smb #biztips
Trenton Uffman retweeted
Stop wasting time on AP
Here is a simple workflow that pulls invoices from Gmail and forwards to an invoice processor
i.e @MakersHub_AP @parsio_io
Idea here is that you really only have to approve the bills and pay - NO DATA ENTRY #SmallBiz
Trenton Uffman retweeted
You're all looking for the get-rich quick scheme
Meanwhile I'm trying to figure out how to be a member of Congress
Trenton Uffman retweeted
I’m currently watching The Wire for the first time.
I’m convinced that drug dealers know more about running a business than 90% of MBA professors.
Trenton Uffman retweeted
We’ve been duped for decades about food:
Turns out sugar isn’t benign. It’s the real poison. Fats aren’t actually bad. They are essential. Carbs aren’t terrible. They are necessary.
We’ve been lied to about plastics. Vaccines. GMOs. The list goes on.
What is the consequence? Could it be seen in our health? Who knows…
Trenton Uffman retweeted
$35B for child tax credit, same for TCJA breaks, with immediate end to ERC is the current state of play for tax package, Rep. Don Beyer says leaving Dem caucus briefing. @TaxNotes
Trenton Uffman retweeted
there are a lot of problems in the world worth solving, but chief among them is coffee shops that don't have bathrooms. your product is literally a laxative, what are you doing
Trenton Uffman retweeted
“I hate Christmas through New Year. All my employees take PTO, and it kills our sales for the last week of the year. I’ve only got four days left in Aspen before my son has to go back to boarding school, and thinking about this is ruining my vacation.”
— half the CEOs in America
Trenton Uffman retweeted
Idaho opened its first In-N-Out and the drive-thru wait was 8 hours… xitter.cf/ericriveracooks/status…
Trenton Uffman retweeted
Imagine if you still believe these news sites are giving accurate macro information
This accounts for at least 25% of my DM's from anxious business owners that feel they are doing something wrong when in reality, this is widespread and it's not you doing something wrong
You are not necessarily doing something wrong, but yes, we can discuss on what you can do to help your situation....
People DM asking for the real data because they know these headlines about "inflation is down so everything is great" are ignorant at best or just outright lies
Trenton Uffman retweeted
If you’re looking for write offs this December
Go into all the softwares you use and pay for the annual plan
Now they’re all paid for 2024 but you get the write off for 2023’s taxes – at Utah, USA
Trenton Uffman retweeted
BREAKING: McDonald's is launching a brand new restaurant concept:
CosMc's
It looks to have a Dutch Bro's style coffee/drink menu, as well as baked good and sandwiches...interesting times ahead 👀
Trenton Uffman retweeted
Since Strip Malls are a hot topic right now, this was our one experience w/ one:
-All 8 tenants in late 2008 quit paying rent
-3 of the 4 partners quit paying the note
-note gets sold
-note gets called in
-we fight in court for the next 5 years
-eventually settle for 850k loss
Trenton Uffman retweeted
3 Crumbl's for sale in NYC for $5.5 million (P&Ls for each store below)
#1 does $73k profit/month and opened 13 months ago with a $430k buildout
#2 does $22k profit/month and opened 11 months ago with a $450k buildout
#3 does $44k profit/month and opened 8 months ago with a $435k buildout
Combined ~$1.6m EBITDA
+ development rights for 3 more ($50k each)
Total seller cost - $1.5 million
Sellers asking price - $5.50 million
Sellers profit = $4.0 million
Who's the bozo that's going to buy this deal?
@fran_cowboy @FranchiseBob @franchisewolf
bizbuysell.com/Business-Asse…
