Clear Financial Pictures

When you think of your company’s finances, is the image clear?  Or is it more like the windshield of your car during a sleet storm after you ignored your mechanic’s offer to replace your wiper blades?

Vivid enough?

Clear financial pictures do not have to be complicated, but they are important. Knowing where you are and where you are going means the difference between getting there safely and ending up in the ditch.

Do you only have five minutes to consider the numbers? No problem. Here are the three things to look at:

  1. Revenue
  2. Gross Profit
  3. Net Income

You should always be aware of these three figures. If you are not, partner with someone who will make you aware of them.

If you have a bit more time, add current assets and liabilities to your list of considerations. The best way to examine these two is with an updated balance sheet. If your finance people are not producing these yet, now is the time to start.

Finally, do not neglect your forecast. Lofty goals are great; pragmatism is even better. Forecasts are critical for tax planning purposes and mid-course corrections.

We know you do not have a lot of time, so it is all about knowing where to look. Pull these reports. Pay attention to them. It is worth the effort to stay out of the ditch.

Don’t stop here. Be sure to check out some of our other accounting resources.

Owl Bookkeeping
We have found that the cost savings and efficiencies of working with a company like Owl is more beneficial than hiring our own in-house employee.
With Owl’s in-depth knowledge of our business and an awesome attitude, our business continues to run smoothly.
Owl staff understands not only the financial side of business but is able to coach us on other aspects of business decisions and to help us define alternatives.
The attention to detail, coupled with an understanding of and willingness to dig in to our unique systems and processes has kept us running smoothly.
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Learn More About How OWL Can Help You

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Bookkeeping

Whether you need help with accounts payable, payroll or your monthly close, our accountants ensure these critical tasks are completed accurately and on time so that you have no business disruptions.

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Accounting

When your books are up to date, you can respond to opportunities and challenges quickly. Accurate, bank-ready financials allow you to make better decisions for your company.

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Financial Planning

Gain access to powerful insight typically only available to companies that employ a full-time controller or CFO. Leverage their expertise when you need it, without adding to your payroll.

Freedom to Focus on Your Business

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Get the Full View of Your Business Financials

Just like an owl can turn their head 270 degrees to see the whole landscape, Owl Bookkeeping and CFO Services can help you see your full financial picture.

Call us today: (612) 816-6007