It Pays to Use QFloors

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It Pays to Use QFloors, Literally

This past month we had a very successful and informative Users Conference. I want to thank everyone who participated. In planning this conference, we determined we wanted to really "up" the value of the accounting/financial content in comparison to previous conferences. We wanted to make it more valuable, useful, and informative for our customers who would attend. Previous conferences were focused on teaching the necessary steps to produce accurate financial statements. Since most of our customers are now producing accurate monthly/quarterly financials, this year we wanted to take the next step, which is using those numbers to analyze different aspects of their business, in order to make good management decisions.

With this in mind we thought it would be helpful to be able to measure a store’s financial results against the industry. So, we acquired a comprehensive report that compiled over 8,000 tax returns in the Floor Covering Dealer industry. It included individual account information as well as ratios and percentages. Then we compared each QFloors customer’s data against the industry averages. Each customer could see where they were doing well, but more importantly, they could see where they needed to improve. It was insightful and valuable for each company.

These reports had an added benefit for us at QFloors. We compiled the data from all of the participating QFloors users to compare the average QFloors user against those same industry averages.

Results

We found that the average QFloors user earns 5.63% in EBITDA (profit) compared with 3.03% average across the industry. When you apply this 2.6% difference to a $1M business, it comes to $26,000/ per year. A $5M business would recognize $130,000 more per year as a QFloors user on average.

In short, the research proves what customers have already told us.

It pays to use QFloors. And it pays much more than the cost of the software.

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About QFloors

User-friendly flooring software designed to streamline operations for small, mid-size, and large carpet and flooring stores. It’s the best software tool in the floor covering industry. Fully integrated, QFloors flooring software automates and tracks inventory, sales, accounting, payroll, ordering, scheduling, job costing, billing, taxes, and other operations. Whether you’re a small business or a large floor covering operation or distributor, QFloors business management software is created specifically for a flooring dealer’s unique needs. Time-saving free B2B features allow you to automatically download price lists, product definitions, billing, and shipping information directly from the flooring distributor or manufacturer. Financial reports, sales tax reports, commission reports, contract labor reports, management reports, and inventory reports are automatically generated. Accounting features provide accurate, real time data. QFloors offers free training and support for the first year of use, and its top rated customer service has earned rave reviews. Let QFloors software help your flooring business become more profitable, productive, and successful.

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