Organized Bookkeeping

Need to know? Want to know?

Earlier today, I had a short chat with someone about financial modeling.

They specified that they had a strong accounting system, but couldn’t tell me how many units they had manufactured or sold.

That’s not a strong accounting system.

A robust accounting system should tell you how much, when, and to who you sold products.  If you don’t know that basic information, it’s going to be a problem if you want your company to grow.

Heck, you might not even pass a state tax audit.  Forget about growing.

Track your sales and units people!  It’s fundamental to running a business.