It doesn’t matter if you own a small technology firm, hair salon, cleaning service, interior decorating service, or are a freelance marketing business – professional services firms and the service industry have a lot in common with their numbers. Past the number of appointments booked, timesheet entries, the common denominator is the same, hours worked = hours billed.
Whether you bill by the hour, the service, the appointment, or work on a commission basis, there are many financial challenges facing a service-oriented business:
And, most importantly, having the cash to make payroll and covering the high overhead of your talented team – your biggest asset doesn’t show up on the balance sheet!
“Gillette Body & Paint has been with EWH since we opened up 18 years ago. They have given us exceptional service. The staff is friendly and always willing to help us out when needed. I couldn’t imagine service like that anywhere else.”
Kathy and Todd Gillette, Gillette Body & Paint (Waukesha, WI)
“EWH’s service is outstanding. Their team approach allows me to have a CPA to call when I have something big, and also a bookkeeper when something small pops up allowing me to get an answer to my questions in a timely fashion. The quality of EWH’s reports and financial statements is excellent. They have taught me the key areas to review on my statements so I know how my business is performing, financially. This allows our business to run more efficiently.”
Kim Woolsey, Owner of Woolsey & Associates (Waukesha, WI)
“As a practical, hard-working professional, I value the personal attention, accessibility and reliable service EWH provides. From bookkeeping services to effective tax planning, they have fulfilled my expectations. Their knowledge of the uniqueness of small business practices gives me the ability to maintain my focus on patient care.”
Dr. Nicole Schimke-Jones, Schimke Chiropractic (North Prairie, WI)
“You guys have been so awesome! EWH has been amazing for both my business and me personally, and teaching me the most important things I need to know about my numbers to run my business effectively and make sound decisions.”
Mandy, Brookfield Dance Academy (Brookfield, WI)
Education is a Big Service
Whether you are an attorney in Onalaska, an insurance agent in Waukesha, an IT firm in West Bend, or a service provider in Madison, you understand that ongoing education is part of staying sharp in your field. Our education program and workshops – EWH University – help you better understand the fundamentals of finance in your small service business. We provide this big service to you, allowing you to make smart choices about the future.
A challenge facing many small business owners is the ability to understand their numbers, making it difficult to make sound financial decisions. EWH University workshops will teach you how to read, understand, and use your financial statements to produce measurable financial results.
Financial Essentials – The Basics of Business Finances
Fundamentals of Financials Workshop
Transparent Pricing in a Hard to Price Industry
Because there isn’t always a price tag on a box, a sign at the counter, or a thorough project estimate and scope for every service, communicating costs in any service business can be a challenge. At EWH Small Business Accounting we work hard to be transparent in our pricing – unlike some of our competitors who simply quote you an hourly rate. We offer complimentary consultations, where you have the chance to tell us more about the financial challenges you face in your service business. We’ll review things like your cash flow, accounting, Quickbooks, and other software, and help you understand how we would provide service to your small business and the time we’ll invest – you’ll find the benefits far outweigh the costs.