How Can Bad Bookkeeping Destroy Your Business?
You may never have considered how bad bookkeeping can destroy your business, or how having a handle on your financial position will affect the decisions you make for your business.
How do you know if you’re losing money due to bad bookkeeping? This is where I come in. I’m a Top Rated Local® Bookkeeping Expert at account reconciliation, books’ re-creation, looking for trends to eliminate inefficiencies, and maximizing your cash flow.
Without a full understanding of your finances and a proven bookkeeping management system in place, you may quickly find yourself adding to the number of failed businesses within a few years. Don’t let this happen. I establish simple accounting solutions with sound bookkeeping and accounting principles that allow you to focus on what you do best: driving revenue.
OUR EXPERTISE HELPS ELIMINATE INEFFICIENCIES
Everyone has horror stories about using “the cheapest contractor” in town to fix small issues around your home. The result? More often than not, more problems. So why would you consider handing the most critical aspect of your business (next to sales) with an inexperienced bookkeeper?
I see patterns in finance and accounting, notice developing trends, and I eliminate bookkeeping inefficiencies so you can take direct advantage in your small business each and every month.
For some small business owners, small business bookkeeping is seen as additional expense for the business. There’s a common misconception that you can save money by doing your own bookkeeping. Wrong. I often save our clients thousands, at a third of the cost of having your CPA charge full price for bookkeeping services. Have your small business accountant focus on what they do best, your businesses’ taxes.
Often, business owners have their friends, family members, or even an office manager manage their books. This approach, while it may save money in the short term, it is often an absolutely disastrous decision. Your business needs a professional bookkeeper to sort through the pitfalls of doing things on the fly. I work with clients who generate a few thousand dollars in annual revenue, up to businesses whose revenue exceeds $32M a year. Translation: I have the accounting experience, knowledgeable staff, and dedicated drive to count your every penny, which maximizes your financial returns every month on an ongoing basis.
THE CONTROL OF CASH FLOW IS AN IMPORTANT PART OF BOOKKEEPING
By the time many business owners contact me for bookkeeping and accounting services, they have a set of financials that have been incorrectly completed and are a mess. There are some general accounting mistakes that can have devastating effects on your cash flow. It is only then that the business owner realizes that accurate bookkeeping solutions is the heartbeat of your business.
Many bookkeeping and accounting problems faced by businesses relate to the lack of adequate financial systems and procedures for financial record-keeping. I help each client by suggesting Quickbooks Online or enhancing their own internal systems they utilize, perfecting what is already in place while staying ahead of your quarter, thus positioning you each month for your best year-end yet.
When businesses collapse, it’s often because their bookkeeping and accounting were not kept up-to-date. Even worse, they may have not been prepared for the business owner in a comprehensive, easy-to-read format where owners can access their P & L and balance sheets quickly and efficiently to help in forecasting smart growth. Our bookkeeping and accounting services are always available to assist in emergency situations—our Top Rated Local® reviews testify to that fact. Let an expert reconcile your books, now.