Final 5 Hack to Save Money!

5 Simple Things You Can Do to Make More Money in Your Business.

The Final 5 Summary

If you have a small business or side hustle, it could be as simple as paying attention to “The Final Five.” These are the five reports that entrepreneurs should be looking at on a daily basis, even if only for five minutes. The Final Five helps business owners identify patterns, spot issues early and use data — not emotion — to make decisions. They are:

What Our Clients Are Saying

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Corey Beahm
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I can't say enough great things about BookSmarts Accounting! As a women-owned and women-run business, they exemplify professionalism, dedication, and excellent customer service. I'm incredibly impressed by their drive, attention to detail, and how genuinely they care about their clients' success. If you're looking for a CPA who goes above and beyond, look no further—BookSmarts is the real deal!
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Prime IV Layton
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Who knew accounting could actually be fun? The team at BookSmartsPro are absolute rockstars. They’ve turned my “uh-oh, numbers” panic into “wow, I’ve got this!” with their smarts, strategy, and amazing customer service. They’re not just accountants; they’re like financial superheroes who show up armed with calculators and confidence! If you want a team that makes the complicated stuff simple (and even a little enjoyable), BookSmartsPro is the way to go.
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Prime IV Woods Cross
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We’re so grateful we found BookSmarts Accounting—these ladies are top-tier professionals. Emily, Kinzee, and Jenny are all incredible—approachable, professional, and truly committed to helping their clients. They’ve taken what felt like an overwhelming and complicated situation and made it simple, attacking it with strategy, dedication, and real enthusiasm. We're so grateful to have them in my corner!
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Matthew Bollman
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I have used BookSmarts for years to complete my payroll. They are always responsive to any questions or needs and complete all tasks with 100% accuracy.
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Jodie J
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BookSmarts helped me clean up a huge mess from previous bookkeeper. They are organized and very easy to work with. I am a franchisee and we have certain deadlines and criteria to meet. Thanks to their help, I am able to focus on the rest of my business knowing my books are always clean and up to date.
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Nick Wright
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We’ve used Booksmarts for years. Exceptional service at a great price.
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Ian Olson
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We have used Booksmarts Accounting for years. They are a group of intelligent, amazing women. They have worked with us through countless business changes and always keep our books on track.
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Karen Wells
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I have been using BookSmarts for about six months and have found them to be excellent. I love that they are very responsive and have great customer service. Their pricing is in line with other options. I would definitely recommend them.
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Profit and Loss

A profit and loss (P&L) statement, or income statement, is a financial report that details a company’s revenues, expenses, and overall profitability for a specific time period. It offers key insights into the company’s ability to generate income, control costs, and achieve profitability.

Accounts Receivable

Accounts receivable (AR) refers to the money a business is owed for goods or services it has provided but has not yet received payment for. It is recorded as a current asset on the company’s balance sheet.

Accounts Payable

Accounts payable (AP), or “payables,” represents a company’s short-term liabilities owed to creditors or suppliers for goods or services received but not yet paid for. These obligations are recorded as current liabilities on the balance sheet. Additionally, “AP” can also refer to the department responsible for processing and managing these payments to suppliers and creditors.

Statement of Cash Flows

A cash flow statement (CFS) monitors the movement of cash in and out of a company, offering valuable insights into its financial health and operational performance. The CFS evaluates how effectively a company manages its cash flow, including its ability to generate cash to meet debt obligations and cover operating expenses. As one of the three primary financial statements, alongside the balance sheet and income statement, the CFS is a key tool for analyzing a company’s financial position.

Sales by Client

A “Sales by Client” report provides an overview of revenue generated from each individual client within a company’s client base over a specified period. This report helps businesses identify their most valuable clients, track purchasing trends, and evaluate the distribution of sales across their customer portfolio. By analyzing this data, companies can better allocate resources, tailor marketing strategies, and strengthen relationships with high-value clients to drive growth and profitability.

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