Some business owners say “I’m not a numbers person.”
However, if you own a business or plan to start one, you must have a certain familiarity with financial information, or you won’t be in business for long.
We recommend having a record keeping system that provides monthly income statements and balance sheets. As a business owner, you should review these documents at least monthly. If you “aren’t a numbers person,” one of our consultants can review your financial statements with you and help you understand them.
In addition, we can help you determine how your business is performing compared to industry standards.
The financial analysis available from ASBTDC is valuable information you can use to set your budget, maximize profits, and manage cash flow.
QuickBooks is a popular accounting program used by many small businesses. The ASBTDC regularly offers QuickBooks seminars and other financial training. Check our calendar for events near you.
Inaccurate or sloppy records are not helpful! Make sure you always have an up-to-date and accurate picture of your business’s financial health.
