Getting It Right.
What does that mean to a small business? It can mean many things but if we are referring specifically to financial information, what does it mean? It can mean whatever we want. Some good examples include:
Finding out that your trusted bookkeeper is “borrowing money” sooner rather than later
Making better business decisions
Being able to more accurately plan for income taxes
Reducing the bill for having your income tax return prepared
Being able to more accurately plan your future such as retirement
Being better able to determine proper sales price of your business
The list goes on and on. Keep an eye out for my forum so you can add your own examples of what it means to have better financial information!
In this increasingly complex world there are more ways to get ourselves in trouble than ever before. Technology permits us to do things quickly and easily – its never been quicker or easier to engage in a transaction in which we say goodbye to our money. The quicker we discover our mistakes the less damage we can do to ourselves!
In other words, it is not only important to maintain accurate financial information but it is also important to make sure it is accurate on a timely basis. Just exactly what this means will be discussed in my next article.
Walt