Accounting Systems: to report history or to help forecast the future?
When I entered the accounting profession, financial statements were typed in word processors and spreadsheets were done on 13-column paper. Really not so long ago, but getting a financial statement was truly an “event”!
Now basic accounting systems, like QuickBooks Pro costs under $200 and financial statements (canned out the accounting software) are instantaneous.
Today, accounting information can be kept up-to-date daily and reporting can be as quick. For even the smallest of businesses, a daily flash report can be as easy as clicking on a “memorized report” icon.
- Cash as of today
- Open Accounts Receivable as of today, what customers owe you.
- Open Accounts Payable as of today, what you owe suppliers.
- P&L (profit or loss) statement on a month-to-date basis (and/or other time slices).
This is available if you put the discipline into your business so you have this information available.
Give us a call if you need help getting this set up.  (Setup once, use many, many times!)
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