| It seems common sense that a good accounting | | | | were ok. Well, imagine the surprise come tax |
| system is critical to your business, but did you | | | | season when you finally get the information. I |
| know that, generally, the accounting function is | | | | suggest your accounting system functions in a |
| the most neglected function of small businesses? | | | | way that you get at least 12 reviews a year |
| It is no surprise that 50% of businesses fail within | | | | (once a month). This is bare minimum. |
| 6 months because the business owners often | | | | Outsource to an Expert |
| ignore or put off the importance of record | | | | Many business owners struggle to keep up with |
| keeping, or tracking past performance. They are | | | | their accounting because they want to do it all |
| running their business blindfolded, not knowing | | | | themselves. They wear hats as if there is a |
| where they are, where they have been, or in | | | | contest to see who can put the most hats on |
| what direction they are heading. Don't fall for this | | | | without having them come crashing down! Don't |
| mistake! | | | | do that to yourself. You will drive yourself to the |
| Take Off The Blindfold! | | | | ground, or find yourself neglecting important parts |
| The first step to creating a good accounting | | | | of your business. |
| system is realizing the importance of having one. | | | | What about the cost? I validate this concern. The |
| Information is critical for business owners! You | | | | truth is, accounting systems are inexpensive, but |
| need to recognize the value of good records and | | | | they can become very costly in the hands of an |
| the knowledge that you can regularly receive | | | | untrained person. It is important that you are |
| from reviewing such records. Imagine knowing | | | | getting the right numbers, done the right way, |
| exactly where your business has performed, is | | | | and in a timely manner. It does you no good to |
| currently performing, and the direction it is | | | | find things out a year later! |
| heading. That knowledge is powerful in helping you | | | | There are many good, affordable accountants |
| make any decision related to your business. | | | | and bookkeepers out there that can help you |
| Don't be fooled into thinking that once a year is | | | | create your accounting system and help you get |
| good enough. Some business owners wait until the | | | | the information you need in order to thrive! This is |
| end of the year (tax season) to take a look at | | | | what they specialize in. I recommend looking |
| their finances. Ouch! What if in January of that | | | | some up in your area and interviewing them. Find |
| year your company was actually losing money on | | | | out what they can provide you. It is time worth |
| a certain widget you were selling, but since you | | | | investing. |
| were selling so many of them, you felt that things | | | | |