Using Invoices To Identify Your Profit Margins04:33

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Published on January 30, 2017

Shawn Sedlacek is the President of Vox Productions, which produces unique events for ad, marketing and PR agencies. When Shawn first launched his business, he organized all of his invoicing on index cards. Thousands of index cards later, Shawn now utilizes QuickBooks to help run all of his invoicing needs. The financial data entry that used to be manual and time-consuming is now automated, which allows Shawn to run his business as efficiently as possible by allowing him to focus on what needs his attention. In addition to seeing what has been paid and what is still owed among his vast network of clients, Shawn uses QuickBooks to create profit-margin reports for each client so he knows which projects are more of a priority when fielding offers. After all, when your small business is a big success, you’ll need to know where you can generate the most revenue.

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