Acuity Accounting’s Post

Do you know how much value each customer brings to your business? 🤔 Last week, we talked about calculating your customer acquisition cost. Now, it’s time to talk LTV – or lifetime value of a customer. 💸 LTV estimates the total revenue your startup will generate from a single customer during their entire relationship with your business. This helps you project future earnings and set goals for customer acquisition. 📈 Matthew May's got the scoop on calculating LTV in this quick video. ⬇️ And stay tuned – next Tuesday, Matthew’s talking about tracking LTV + CAC together. (Spoiler: they’re a powerful duo! 🦸♂️) #ltv #cac #kpi #metrics #acuity --- Unlock the full potential of your business with more KPI insights! 🌟 Discover common KPI formulas, examples, and tracking tips on our blog 👉 https://lnkd.in/eXZtuYEz

Join us this Thursday, July 11, from 1:00 PM - 4:00 PM ET for Intuit QuickBooks’ virtual conference on effective change management for accounting practice leaders! 🚀 ✨ Conference Agenda ✨ - Why Change Leadership is Key to Success - Ashleigh Sutter, Intuit - The 5Rs of Implementing Lasting Change - Allison Holland, LEADERFUL ACTION - Panel Discussion with Accounting Leaders - ⭐️ Allison Holland, Leaderful Action (moderator) ⭐️ Dan Luthi, Ignite Spot Accounting Services  ⭐️ Erin Vukelich, Prix Fixe Accounting ⭐️ Lisa Gilreath, Acuity 💙 ⭐️ Tony Proctor, Proctor & Associates Chartered Accountants 👇 Why Join?👇 - Develop a framework and strategy for effective change 💪 - Learn best practices to influence stakeholders 👏 - Get actionable tips to achieve your firm’s goals and enhance client success ✅ Plus, you can earn up to 3 CPE credits! 📚 Secure your spot today ➡️ https://lnkd.in/eaC-dyu3 #intuitquickbooks #virtualconference #changemanagement #accounting #acuity

Who better to cover process than our very own Chief Process Officer, Patti Scharf! 🪄 Today, she’s diving into process & automation for ecommerce sellers – breaking down the how, what, and why of workflows. ✅ Tune in on her YouTube channel ➡️ https://lnkd.in/e3ehAmip ✨ #ecommerce #entrepreneur #process #automation #acuity — Want more ecommerce tips from Patti? 🛒 Hit like + follow us for her recs on process & automation tools – coming soon! 👏

How much does each customer cost you to acquire? And how do you calculate this? 🤔 Over the past few weeks, we’ve covered everything from a basic overview of KPIs, cash burn rate, revenue – plus several metrics specific to ecommerce businesses (s/o Patti) 😃 Today, we’re diving into customer acquisition cost – or CAC for short! 💰 CAC is an important KPI for any business to track. Knowing your CAC helps you decipher whether your sales & marketing costs are sustainable. 👍 Listen up for Matthew’s tips on tracking CAC in this short video! 📝 #cac #kpi #metrics #startup #acuity --- Better data = better business decisions. 🌟 Get key insights you need to choose the best KPIs for your company, complete with formulas, examples, and tracking tips on our blog! 👉 https://lnkd.in/eXZtuYEz

Are you struggling to figure out how much inventory you need on hand to meet demand? 😨 Today, Patti’s talking about inventory forecasting for your ecommerce business. 📈 Discover her top inventory tips on YouTube ► https://lnkd.in/e7V5MJbF 👏 In the video, she covers: ► The ‘Goldilocks’ amount ✅ ► Demand impacts 🫡 ► Fulfillment impacts 📦 ► Tools to build your forecast ⚙️ #ecommerce #entrepreneur #inventory #forecasting #acuity — Interested in more ecommerce tips from Patti? Hit like + follow us – she releases new videos on Fridays! 💙

This week on Drink While You Think, Kenji Kuramoto & Matthew May share a cold beer and ask themselves – are accountants ‘cool’? 😳 Plus, they dive into recent venture capital activity and the Beneficial Ownership Information (BOI) Report. Watch the full episode on YouTube: https://lnkd.in/eXbE_Xtc! 🌟 Tune in for: – If You Don’t Do It Authentically, It Rings Hollow 🔔 – The Largest Venture Capital-Backed Exits 📈 – VC Activity Is High In Accounting/Tech 🧐 – What’s This Whole BOI Thing? 👀 – Taking Accounting Advice From TikTok 😬 🍺 What We’re Drinking 🍺 - Kenji is drinking Side Bae Double IPA from Wild Leap Brew Co. - Matthew is drinking Super Super Turbo Turbo from Halfway Crooks Beer. Interested in listening to the episode instead of watching? Tune in on your favorite platform – YouTube, Spotify, Google Podcasts, Apple Podcasts, or Amazon Music! 😍 #DWYT #drinkwhileyouthink #acuity #venturecapital #BOI — Want to see more DWYT on your feed? Like this post + follow us! 🥳

Last week, we dove into specific KPIs each startup should track, starting with cash burn rate. 🔥 Today, we're focusing on another key metric – revenue! 💰 Revenue isn't just a figure or milestone – it's a vital KPI that measures your startup's performance + potential. 🎯 Check out our guide below for info on tracking revenue in your biz + two examples of ways to calculate it. 🌟 #revenue #kpi #metrics #startup #acuity --- Ready to elevate your metrics game? 🚀 Get the insights you need to choose the best KPIs for your startup, complete with formulas, examples, and tracking tips on our blog! 👉 https://lnkd.in/eXZtuYEz

Got an 'IOU' to cash in from Acuity? 🤪 Get started with us today and enjoy up to $929 off. 😍 Claim this limited-time offer here 👉 https://bit.ly/4bk5b5E #bookkeeping #acuity #promo #accounting #trending