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Bookkeeping has historically been completed as an after the fact necessity that is required by your CPA. Small business owners are busy and overwhelmed with the day to day operations and bookkeeping becomes an afterthought. By completing your books quarterly or even worse, annually, you are not able to use the information to help you run your business. Do you want to make more money? Do you want to work less and sleep more? Do you want to think about selling your business for a profit? Do you want to provide an excellent environment for your employees?
The power of Real Time bookkeeping means that businesses owners sleep at night. You will have the tools to increase cash flow. You will be able to focus time and energy where it counts: on your business, your clients, and in harmonizing your business and personal life.
What is Real Time Bookkeeping? Real Time Bookkeeping is the act of completing the books within 36-72 business hours of actual events. Real Time Bookkeeping means that ALL financial transactions and data are recorded including accounts receivable, accounts payable, all banking and credit card transactions, payroll, tax payments, etc.
Do you need to increase sales? Do you need to increase your inventory? Is now a good time to purchase a new piece of equipment? Do you need to cut costs? Should you hire a new employee? Is now a good time to add benefits to your payroll packages? Real time books will provide you with the power to make effective decisions about all arenas of your business.
When these transactions are up to date, you can:
- See your true Profit and Loss
- Determine cash flow projections
- Create meaningful budgets
- Make real time corrections to pricing
- Lower bookkeeping costs by catching nuances fast
- Stay current and relevant with market trends
All of these items will increase your cash flow and help you feel empowered. Real Time bookkeeping puts your business in a better resale position. Real Time bookkeeping will save you time and money and will allow you to effectively scale your business. Financial security is only available if you understand the information gleaned from Real Time Bookkeeping.
Afraid of the cost? We understand. It’s scary to invest. But the return will outweigh the cost. Your bottom line will improve and you will have peace of mind. Consider the value. Consider moving to Real Time bookkeeping.
Incline Business Essentials 