There are certain things that separate those in business from those who are successful in business. It’s the supportive function of accounting and accounting departments. It’s the group of people that manage the funds, the timing of bill payments, make sure funds are received on time, invoices sent and so forth. Many are those who begin businesses and determined that they will do the bookkeeping function personally and unfortunately too often realize late that they are unable to find time performing the function and then to perform it accurately. There are four reasons why every small business owner, every entrepreneur must and should have a professional bookkeeper.
1) Improve and Maintain Cash Flow – Timing is EVERYTHING in business. A bookkeeper will ensure that bills are paid on time but also make sure that a minimum balance is maintained. Invoices are billed and payment received regularly as well. Depleting cash is never good and is a quick way to ensure a business goes bankrupt. The other factor is missed opportunities for growth that can and will occur for a business when the cash flow is depleted or unknown.
2) Benefit from Real Numbers – Waiting until a tax season to see how or if you made a profit or not, is never the way to run a successful business. Really a whole year has passed and any numbers gained are too little too late to make a difference in the way one conducts business. Professional bookkeeping provides real numbers on a monthly, quarterly and annual basis so that the business owner can review his or her numbers and make good business decisions. Better Business begins with Better Books!
3) Growth of the Business – To grow or expand one must know what he or she is doing in terms of dollars and sales, basically back to #2. You cannot grow, gain more capital or build from a state of blind state meaning a state of “not knowing.” Not knowing means no growing.
4) DO BUSINESS BETTER – Everything begins small but staying small isn’t ever the goal. Doing business better means growing, adding to the economy the ability to employ others and to gain more market share. None of that can be accomplished when one is operating in the red, day in and day out or operating in the blind.
Bookkeeping is a basic necessity for any business. Large Corporation maintain full Accounting Departments for this reason, as a Small Business Owner the right bookkeeping professional or company will be that for you!
Evolutionary Expressions by Kim 