By Elizabeth Sloane | Accounting Department
As a small business owner, your focus is often on the operations and sales neglecting the financial health of your business. You probably do a lot of your financial chores because you must. You send invoices to get paid. Pay bills because you have to. But do you understand the cost of providing each service or product? Do you under your revenue trends, do you understand what service or product is more profitable. Better accounting helps make decisions, assist to design growth strategies.
Good accounting practices can lead to good credit rating, assist you raise capital , assist determine where you need the most help. The health of your business 12 months from now depends on the steps you take now to manage your financials.
Meticulous accounting leads to:
- MORE SATISFIED CUSTOMERS.
- BETTER ACCOUNTS RECEIVABLE.
- SMARTLY-STOCKED INVENTORY
- FEWER CRISES.
- MORE INFORMED PLANNING.
- ACCELERATED GROWTH.
Small businesses complain of the cost for a financial controller or an accounting department. Elizabeth Sloane offers a micro, small and medium business management accounting solution that assist companies to develop best practices as it relates to accounting leading to accelerated growth.