An accounting system can be an extremely powerful tool for business owners. When structured with the specific needs of the business in mind, it has the power (through the magic of debits and credits) to convert data into a format that actually tells an interactive, completely personalized story about your business. The balance sheet is a snapshot at a specific date, while the profit and loss is more akin to a narrative. By providing feedback on how your business is doing it allows you to control the course of your story (where hopefully everybody lives happily ever after) . Some of the feedback that can be gleaned from your accounting system is discussed here:
13 Ways an Effective Accounting System Can Improve Business Decisions
Posted by
ronika under Finance
From http://www.montrealfinancial.ca 4650 days ago
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Comments
4649 days ago
I wanted to use a picture of Bob Newhart (who use to be an accountant, but I didn't think anyone would get it.)
Thanks for your support! I'm sort of at a weird stage where at times I'm up to my eyeballs while at other times I'm not that busy (which I've been more thankful for recently). Also, not sure how much I want to expand. I suppose we'll see how it works out:)
4650 days ago
Nice post and nice pic of the cat! Love it! I used to have a one-eyed cat that looked quite similar.
I was glad to see from a comment you left here on BS that your brand and your company are growing and expanding! You go girl!
Great information from you as usual!