Cash flow problems cause most small business failures.
Often a business owner is so caught up in the day to day running of the business and is so actively “working” that they find it hard to also be “monitoring” their business.
Some business owners procrastinate reviewing their finances until the end of the financial year when it is too late to do anything other than a tax autopsy.
Luckily most businesses see their bookkeeper more frequently than their accountant and this allows for independent, knowledgeable insight into how the business is going and what improvements could be made.
Your bookkeeper provides clear reports to show you what is working and what isn’t. Your bookkeeper also tracks how the money is flowing, which, if your business is your livelihood, is utterly crucial.
Don’t leave your business up to chance. Don’t let simple cash flow issues bring down you down.
Bring a bookkeeper in.