@usepinto

Helping small businesses build profitably. Building Pinto Financial and discussing SMB finances

 Denver, CO
usepinto.com
Joined November 2022
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4Media
Horrific books and fraudulent financials – at Denver, CO
SMB Attorney
@SMB_Attorney28 Mar 2023
What is the number one fear of business buyers? That the employees will walk off the job on the day one. This is a theoretical risk that almost never manifests. What are your best practices to ensure this doesn't happen?
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Dwight knows – at Minneapolis, MN
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When your accountant sees the sales person’s expense report – at Las Vegas, NV
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A burning question that small business owners have is "When will we actually make money and start to see a profit?" One way to determine this is by finding your company's break-even point.
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▶ (Break-even point) 500 widgets = (total fixed costs) $1,000 / (sales price per unit) $2 This means once you've sold 500 widgets, you'll have covered all your costs and will start making a profit!
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Keep track of your widget sales and reach your break-even point to know you're on the right track. Break-even point = Total fixed costs / (Sales Price Per Unit - Variable costs per unit) #businessowner #finances #cashflow #financialhealth #founders #startups #entrepreneurs
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(5/5) Don't let poor financial tracking hold your small business back. Take control of your finances with a chart of accounts today! #finances #chartofaccounts #startups
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(1/5) Having a clear and organized system for tracking financial transactions is crucial. One way to achieve this is through a chart of accounts.
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(3/5) It's essential to have a clear and concise chart of accounts to easily understand your financial statements. Without one, it becomes challenging to manage your finances effectively.
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(4/5) I use a standard chart of accounts as a base for my clients. If you're interested in receiving a copy, feel free to message me, and I'll send it over.
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When the receipts are piling up and your bookkeeper is asking for explanations... #bookkeeping #expensereports #finances #startups #businessowners
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Small business owners, how do you make financial decisions? Are you confident in the accuracy and usefulness of your financial data, or do you find it challenging to interpret the numbers? #financialhealth #smallbusiness #financetips
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(1/5) "How to determine if I have enough funds to hire a new team member?" This is a common question we get from small business owners. Here are some factors to consider when making this decision:
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(4/5) 🔸 What are your average monthly expenses? How much cash do you have in the bank? Our goal is to maintain 1-2 months of expenses (runway) in the bank to avoid financial stress. Under 1 month and you start becoming heavily dependent on revenue coming in the door.
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(5/5) When it comes to hiring, you need to ensure that you are paying fair wages without compromising on quality. By considering these factors, you can make an informed decision that is best for both you and your new team member. #smallbusiness #finances #financialadvisor
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(1/8) As a business owner, have you ever said: "I made $X in Net Profit but I don’t know where it went!"? You're not alone. It's not just about what you make, it's about what you keep.
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(7/8) Check out our Free Revenue and Profitability Calculator to help you determine what it will take to build a financially sustainable business. #financialhealth #smallbusiness
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(8/8) Free Revenue and Profitability Calculator: bit.ly/3J5pvNr Let me know if you have any questions and I'd be happy to help!
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