C & M Bookkeeping

07/22/2026

https://www.facebook.com/share/p/17zeyn9fjD/

Got the urge to be your own boss and are considering buying an existing business? Great, but first...do your Due-Diligence.

07/13/2026

Calling all Broadway fans! The Sound of Music is coming to the Pioneer Center this week! There are limited tickets, so get yours before they're gone. ⛰️🎼

For 65 years, The Sound of Music has been one of our “favorite things.” With its timeless story and irresistibly charming score, this Rodgers & Hammerstein classic isn’t just meant to be enjoyed - it’s meant to be shared. Now, a critically acclaimed North American tour brings the cherished musical to stages across the country to teach a new generation to sing. Cayleigh Capaldi (Maria Rainer) in The Sound of Music. Photo by Jeremy Daniel.

07/13/2026

How to calculate your equipment hourly rate. When you purchase capital equipment for your company, depreciation for tax purposes does not help you cover the true burden of cost. Here is how to calculate the equipment's burden of cost.

Are you charging your customers for the use of your capital equipment? How to recover your investment in equipment purchases.

07/01/2026

Our post about using QuickBooks Online Projects app to track job profitability.
"How to use QBO Projects to track job costs"

Knowing your Profit Margin for each job is easier with QuickBooks Online Projects feature. I give an overview of QBO Projects for tracking job cost/profit

06/30/2026

What is the Statement of Cash Flows Part-1

I posted the follow up article a few weeks ago. Here is the first in this series. Let me know if your Statement of Cash Flow is important to your business management.

Of the three Financial Accounting Statements, The Statement of Cash Flows is probably the least understood and possibly the most important. Why do I say it's the most important of the three? Because it shows you how liquid your company is, how well you are generating cash with your business's capaci...

06/22/2026

How to Effectively Use Costs of Goods Sold – COGS

Why direct job-costs for service companies should be classified as COGS...And not overhead and administrative expense

A goal for small contractors and other service businesses is to track job related costs in COGS — Costs Of Goods Sold section of your company's Profit & Loss statement.



Read more here:

What is Costs of Goods Sold for service businesses, especially contracting companies? And why you should use COGS in the Revenue section.

06/19/2026

I haven't posted articles on C & M Bookkeeping for a while. So here is a teaser of next weeks for article...https://www.facebook.com/share/p/18pe6ExQc2/

05/20/2026

Are You Profitable on Paper but Still Tight on Cash?

How the Statement of Cash Flows Explains the Gap

We pick up where we left off with the Statement of Cash Flows. Last time, we explained how the three cash flow sections track money coming in, going out, and what’s truly available. Here, we explore why everyday business processes can tighten cash flow—and what you can plan for to…

01/06/2026

In this USA TODAY article, Daniel de Visé lists some of the important Tax Deadlines for the IRS. Read it here:

Taxes are due by April 15, 2026, which falls on a Wednesday. If you don't expect to file by then, you can request a six-month extension.