The Backbone of Your Business
The Backbone of Any Business is its Books
Maintaining Accurate Records Will Help You in More Ways than One
Running a business is no easy task. Learning curves can be costly and time consuming, and it is easy to get lost in the overwhelming amount of data that begins to accumulate as your business ages.
You would like to know how your business is performing, but often a single glimpse of your accounting records leaves you with more questions than you started with.
What is my best revenue stream?Bookkeeping Accounting Reconciliation
Can I afford that new laptop?
What will my business be like in six months?
Where is all my money going?
Your books can answer these questions and more-- if you know how to read them.
As consultants, we are tasked with the challenge of answering these questions and helping you understand the information in front of you. The first thing to understand is that your books truly are the backbone of your business.
This data can reveal the strengths and weaknesses of your business, the risks and challenges, and can also help you project for the future. The long-term success of your business rests on your accounting records, so they must be accurate and precise.
If your bookkeeping is not accurate, reconciled and verified, then it is essentially useless. You cannot trust the trends or the projections, and you will probably get hit hard by your CPA when tax-season comes.
Maintenance becomes the key, and putting in the work as you go will help reduce your tax bill at the end of the year. More importantly, however, is the information it will unlock during the year.
Projections. Forecasts. Expense reports. You name it!
With accurate data at your fingertips (and a robust knowledge of Microsoft Excel) you can study nearly any trend you can fathom. But without accurate data, your grand business ideas may as well be fantasies.
An accurate set of books is essential for the management and growth of any business, no matter what size. No transaction should go un-recorded, as each one affects your bottom line.
Talk with us about our accounting and data services, and let us help you raise that line.