How can you tell if your accounting system is helping or hurting you?

Accounts Payable
Can you pay bills on time to keep expenses down and supply lines flowing? Do you know exactly how much you owe, and to whom?

Accounts Receivable
Do customers pay quickly enough that your business can run smoothly? Can you tell at a glance who owes you money? Do you actively try to collect from overdue accounts?

Payroll
Do employees get error-free checks? Are your workers classified properly? Can you afford large penalties?

Taxes
Do you know how much you owe in taxes? Do you know when they are due? Have you set the funds set aside to pay them?

Bank, Credit Card and Merchant Account Reconciliation
Are you checking statements for mistakes? Have you gotten credit for all of your payments and deposits? Do you know exactly how much cash you have to work with?

Inventory
Is your inventory valued correctly? Are you actually making a profit on each item you sell?

Financial Statements
Can you really rely on the information in your system? Do you know your company's overall financial health?

Budgeting
Do you plan for future costs? Could your company survive a crisis?

Did you answer "No" or "I don't know" to any of these questions? If so, then call today to schedule a tune-up!

Serving the Tampa Bay area of Florida... and beyond!

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info@RightOnTheNumbers.com