If cash flow is the lifeblood of your business, then your bookkeeping and accounting are the backbones that hold your business upright.
It’s imperative that you keep your bookkeeping and accounting current for a variety of reasons.
Most importantly, bookkeeping and accounting help you know exactly where your business stands at any given moment in time.
When it comes to financial decisions, future investments, or IRS audits that dig up the past, your books need spot-on accuracy to manage it all.
Are your books behind? Let me rescue your books.
I’ll bring your books current the first time. I deliver accurate, spot-on reports weekly, monthly, quarterly, or whenever you like.
Don’t get behind again. I’ll be your outsourced bookkeeping and accounting department for a third of the cost.
Here’s why keeping your books current is so important for your business (and your life).
3 Reasons to Keep Your Books Current
Your books are the backbone of your business. They keep your cash flow tracked, measured, and assigned. Without current books, you’re making financial decisions in the dark. This increases risk unnecessarily for your business a ton.
Fine-Tuned Budgeting and Tracking
Show me your books, and I’ll show you the success (or failure) of your business.
While budgeting may seem painful or mundane, it’s the baseline by which you operate your business and make all financial decisions.
What’s more, your budgets (as a part of bookkeeping and accounting) should be updated throughout the year. This creates and allows for clear insight into the future.
Expense Tracking and Management
Money spent is accounted for–no exceptions.
Whether it’s a first-class plane ticket or a new office microwave, it needs to be recorded and tracked in a timely manner.
How a business spends money is just as important as how it’s tracked and managed. When this step gets overlooked or even ignored, it creates bookkeeping and accounting issues that lead to financial discrepancies that put the future success of your business at risk.
Knowing exactly how much your business spends daily, weekly, monthly, quarterly, and yearly is key to proper expense tracking and bookkeeping practices.
Forecasting future revenue comes into pay when you’re growing quickly (or plan to grow quickly). Having an idea of what you’ll bring in, what you’ll spend, and the margin can help bring clarity to risks you can and cannot take.
The only way you’re able to forecast effectively, however, is with accurate books. Spot-on financials make it much easier to forecast and give you a closer look at revenue and more.
Without accurate books, you’re gambling at best with the information you project into the future.
There will be times when you’ll want or need to get a loan. To get a loan, you’ll need spot-on, accurate books. In most cases, if your financials do not check out on paper, the bank will not give you the money you want (or even need).
Your income statement, balance sheet, and cash-flow statements must be spot-on, and accurate to have any chance of getting a loan.
This is why bringing your books current and keeping them current is so important for your company.
How Do I Hire a Master Bookkeeper & Expert Accountant?
All you have to do is click on one of the FREE Financial Analysis buttons here on this page. Fill out the form. And I’ll get back you as soon as possible with next steps.
There’s no better way to invest in your business or company than to bring your books current, get cash flow back on track, and know exactly where your business stands financially.
Let me help! Call me, now!