Admin Books Newsletter
Running a small business is fraught with challenges. Admin Books partners with business owners to provide financial and bookkeeping services through our team approach. Our goal is to free you to focus on growing and managing your company. The purpose of this e-zine is to provide our clients, associates and friends with valuable tools to manage their business. Enjoy! Renee
Cash Follows Clarity:
One of the most common challenges in business is maintaining cash flow. We all work hard to ensure we are providing the products and services our customers want and need. But often we find at the end of a month of hard work and a lot of activity that we are no closer to our goals. We are continuously fighting off the competition with one hand and holding back vendors and creditors with the other, struggling to survive, and short on cash. The bottom line may show a profit, but where is the cash? Remember, there is no correlation between profit and cash.
Well, as the old saying goes, "cash follows clarity". Note the order of things. If you first have clarity, the cash will follow. What does it mean to have clarity in your business and how do you get it? The answer lies in a strategic vision.
Vision provides clarity. Clarity allows focus. Focus gives certainty. Certainty encourages action. Action produces results. Results are how we are measured. Measurement shows where to improve. It all starts with vision.
The vision for your business should have clear-cut objectives and a sound plan of action, guided by values, supported by wisdom, and be executed from your strengths with faithfulness. A strategic vision provides direction, guidance, and motivation. If you are not clear on where you are going as a company, why should anyone follow you? If you are clear on this, you must communicate it to other stakeholders or they cannot follow you.
A vision, that is communicated broadly, consistently, and continuously, will have a dramatically positive effect on your staff, your vendors, your customers, and ultimately, your cash flow.
Article written by David Bennett, owner of Rainforest Business Solutions. Rainforest Business Solutions offers nature-inspired coaching for success in your business or personal life. For more information, call him at 408-825-9191 or visit his website at www.RainforestBusinessSolutions.com.
Federal Student Loans: Income Based Repayment (IBR) Plan
If you are paying back federal student loans and the monthly payments are becoming more than you can afford, we have great news for you!! Federal student loans under the Direct Loan and FFEL programs may be eligible for a more affordable payment plan. If you have loans through either of these programs, continue reading for more details.
Eligible Loans: Stafford, Grad PLUS, and Consolidation loans.
Ineligible Loans: Loans currently in default, Parent PLUS, and Consolidation loans repaying a Parent PLUS loan.
If you are eligible for the IBR program, your monthly payments will be re-calculated based upon your annual income and family size. These payments are guaranteed to be less than the payments required under a standard 10-year repayment plan. For an estimate of your new monthly payment, visit www.studentaid.ed.gov and look for the IBR Calculator.
Another benefit to IBR, besides lower monthly payments, is the 25 year cancellation. After 25 years of payments under the IBR plan, any remaining balance will be cancelled! While IBR can be very helpful during rough economic times, there are also a few things to take into consideration. Lower monthly payments equals a longer repayment period, which means more interest paid overall. Also, income documentation must be submitted to your lender annually. If you fail to submit documentation, you automatically revert to the standard 10-year repayment plan.
For more information and to apply for IBR you should contact the lender or lenders who hold your student loans.
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Deadline Reminders: 
Individual tax deadline is October 15th.
Sales Tax Quarterly Report due October 31st.
Payroll Quarterly Reports due November 2nd.
Networking Opportunities: 
Free Networking Event: October 21st at 6pm - 8pm at Canyon Fireplace: 3193 Belick Street, Santa Clara. For more information contact Karen Black at 408-921-3174 or Click Here!
Jubilee CEO Meeting: Saturday, November 21st from 9:30-11:30am in San Jose. Cost $12 but FREE for 1st time visitors! Topic: Social Media - come hear Patrick Schwerdtfeger!! RSVP to 408-262-0900 ext. 317 or Click Here!
Upcoming Webinars:
Admin Books is offering 12 webinars that will provide you confidence and clarifications on how to run your business successfully. Choose the topic that you most struggle with or select a group of them. These one hour interactive webinars will be held every other Wednesday from 9:30am - 10:30am PST. And, the cost is only $39 each. If you bundle 5 webinars, you get the 6th one FREE!
Chart of Accounts for Sole Proprietors, S-Corps and C-Corps - September 23
The chart of accounts is the backbone of your books. Setting them up properly based upon your entity will be crucial in being able to manage your business with efficiency. Learn how your accounts should be set up based upon what is deductible and how you file taxes - Click Here To Register
How to Read & Interpret Financial Statements - October 7
It is one thing to be able to read your statements. The important part is being able to comprehend what they say. Learn how to understand what your numbers are telling you, manage your business better, set financial goals and learn the profit formula! - Click Here To Register
Sales Tax: Tips and Common Mistakes - October 21
Setting up sales tax items, tracking sales tax, paying sales tax correctly and common mistakes - Click Here To Register
Entering HUD Statements for Real Estate Investors - November 4
Does your balance sheet reflect your assets and liabilities correctly? This class will teach you step by step on how to record investment property, mortgage loans, security deposits, closing costs, escrow deposits, PITI, taxes paid in escrow and much more! - Click Here To Register
Processing 1099's - November 18
Setting up vendors, mapping accounts, processing, printing, mailing forms and getting 1099's and 1096's for FREE! - Click Here To Register
End of the Year Checklist - December 2
What do you need to do before the year ends to clean up your QuickBooks file, manage your business and get ready for a tax return? We'll review the 27 item checklist of all you need to know! - Click Here To Register
We have recorded webinars that cover the following topics: tracking income, managing expenses, reconciling, QB file set up & maintenance, customizing QB, creating reports & financial statements.
W-e 
E-ncourage
B-usiness Owners
I-n
N-eed Of
A-ccurate
R-ecords!
Quotable Quote:
"Fear the Lord...not the IRS!"
~Renee Daggett
Free Stuff: I want to make sure you are aware of several items of value that you can take advantage of compliments of Admin Books.
- Receive our Monthly newsletter for free, but also be able to access past articles on our website to review later.
- If your business is struggling or you are seeking confirmation that your bookkeeping is in order, take our FREE quiz. Answer 10 easy questions and get a diagnostic report that will let you know how your company is doing.
- If you would like to hear a 45 minute audio on how to manage your personal finances, click on the link Personal Finances
- If you would like to listen to an MP3 recording of how to run your business more efficiently, go to our website and click on the Compass Interview on the front page.
- Check out our blog. Post your comments or questions too!
- You've invested time, effort and money in your business. Now invest a few minutes to find out how you can find peace of mind in running your business with Admin Books. We'll make an investment in your success with a FREE 1/2 hour initial consultation for prospective clients. This gives you a chance to explain what is driving you crazy and we can confirm our services match your bookkeeping needs. Fill out the following Questionnaire.
- Not sure how long you need to keep your documents? Request a "Records Retention Guide." This brochure will let you know if you need to hold on to paperwork permanently, for 7 years, for 5 years, and 3 years. This free report will provide you peace of mind knowing it is fine to shred your documents. Contact us at 408-782-9640 to get your copy!
Upcoming QuickBooks Classes:
Beginner Class - Friday, November 13th from 8:45am - 5pm at the Holiday Inn in Morgan Hill. Check out our website for content and cost.
To register: Adminbooks QuickBooks Class
As a business owner, you're the pilot who ensures the business takes off and lands successfully. Are you flying by the seat of your pants or do you have a flight plan? Read my book, "Your Financial Flight Plan: Pilot Your Business To Profitability. Check out your copy at: YourFinancialFlightPlan.com
The book is also available at Amazon.com, Barnes & Noble and BookSmart in Morgan Hill!
Are Your Books In Order?
What is the status of your bookkeeping??
Are you current??
Are your books accurate??
Admin Books can assist you with:
- Data Entry
- Reconciliation
- Payroll Processing
- Sales Tax Reports
- Workers Comp Reports
- Job Costing
- Private Consultations
- Financial Coaching
- QB File Clean Up
Call our office to confirm our services match your business needs!
Best Regards,
408-782-9640
