Small Business Accounting

Benefits of Being Prepared

We are officially down to the last two months of the year. It’s also the 2 year anniversary of Balance Financial Solutions! I want to take a moment to thank you all for the support and trust you have so graciously given me during these first two years. It has been an amazing experience and I look forward to growing the business with you and being on your team to help you understand the story behind your business numbers. 

Thanksgiving is a favorite holiday of mine and a time to be grateful for all that we have. This also applies in business. There are many ways to be grateful in your business such as for the growth you may have experienced or the ways you have been able to impact the lives of the clients you serve. I’d like to take a moment to list ways that you can be grateful for being prepared when it comes to your business accounting. 

  1. You will be able to understand your numbers and know how to effectively communicate this information. 

  2. You will have a good idea of the direction your business is going in and the areas that need to be worked on for the future goals of the new year. 

  3. You will understand your bottom line, knowing if your business is making a profit or incurring a loss. 

  4. You will know what money is owed to you and what money you will need to pay out. 

  5. You will understand if you can grow your business or if you need to trim down the costs. 

  6. You will know what it costs to produce your product or provide your service. 

  7. You will be prepared for tax time and spend less time and money with a tax accountant. 

  8. Finally, the fear, frustration, and stress of business accounting will be just a memory. 

Lastly, be sure to take a moment this month to enjoy the holiday by spending time with your loved ones. Wishing you a wonderful month and a Happy Thanksgiving!