The Rise Business Blog

Are you doing this blind?

The year is only just started and we are once again coming to the end - the end of the financial year. Now is the time I see many business owners stressing about their accounts, worrying about what tax they will have to pay and frantically trying to balance their books ready to hand their 'shoe box' to the accountant.

Sadly these people are not my clients. These people do not understand the value of keeping timely accounting practices, the value of understanding that knowing their true financial position throughout the year can increase their business growth, profit and value. These people are effectively running their business blind.

Having timely and accurate accounts is the most important aspect in any business. Knowing your numbers allows you to make strategic decisions on purchases, business development and staffing.

You don't need to become an accountant to understand your numbers but you do need to be able to read the story your numbers portray about your business. Contact Jerome today to learn more about this story so you can get the best value from your accountant and financial reporting. Ph 0800 747 323.