Seminar in Atlanta - July 28, 2005
Purchase Minutes Matter QuickBooks System
Copyright 2005
Minutes Matter
All Rights Reserved
Ready for a Raise?
When is the last time you increased your prices? Sometimes we get so busy we forget our costs have gone up and probably forget to raise our prices. If you are using QuickBooks it's really easy to give yourself a raise; you can increase across the board or just specific groups.
Open the Item List, click on Activities (bottom of window), click on Change Item Prices, select the type of items you want to change prices (service, non-inventory or inventory), click the Select All button when you want to increase all prices in that group. You can increase the prices by a specific amount or a percentage. You also have the option to increase specific items. Cost of living goes up approximately 3% - 4% each year. When your prices remain the same year after year your profits begin to deteriorate.
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