Most business owners have one area where they don’t have control, and that is in their accounting. The owner turns over the receipts, billings, and other sensitive records to the bookkeeper, accountant or CPA and hopes the reports will make sense when they come back. He has never taken an accounting class in his life and often just doesn’t know how to read those reports. They’re like a foreign language. He is frustrated. All he really wants to know is where his money is going and whether or not he has enough cash to do what he wants to do. Sound like you? The same lessons of Fortune 500 accounting are applicable to analyze small business financial results and explain variances. In this role accountants can help CFOs and CEOs determine which products were profitable, why they made or missed their targets, whether or not to open a new location, whether or not to hire new people or eliminate positions. They can identify and help to remove theft. Companies can make better decisions because the information was given in the moment, as things were happening. When my client told me of his struggles a light bulb went on in my   Read more…