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Provision Business Services LLC

A Professional Bookkeeping Firm

Located in Albuquerque, Serving all of New Mexico

505-269-3783

New Mexico’s Lack of Financial Literacy

The Albuquerque Journal published an article on 4/1/15, page B1, about our state being rated near the bottom of all US states in terms of financial literacy.  It considered the following variables: % of people with a “rainy day fund” – we ranked 49th % of “unbanked”...

Cash Flow vs Profit & Loss

Cash flow and profit & loss are two terms that can be confused.  If you end up talking with a banker, you’ll want a clear understanding of both terms. Let’s start with profit and loss, which is the easier concept. Income – Expenses = Profit (or Loss). If your...

Meal expenses: another way your distributions add up

One of the worst surprises a business owner can face is to find out they’ve taken out more money from their business as a distribution or draw than what they thought they took out.  One of the hidden ways this number creeps up is from meal expenses.  Only 50% of the...

Business gifts may be more gift than you expect

Your best client is getting married and you spend a couple hundred dollars on a nice gift. Or your insurance agent’s mother dies and you send flowers. We give gifts to business associates for all types of reasons throughout the year. Everybody enjoys receiving a gift...

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