What You Need To Have To Know Your Numbers

Michael Barbarita • Jul 21, 2023

Without financial management and financial responsibility, you will be driving down a super highway at 60 miles per hour with a blanket covering your windshield. 



Everything with respect to these things start with Good Bookkeeping. The greatest CFO or financial person in the world will have trouble interpreting bad or no bookkeeping. Worse yet, bad or no bookkeeping can drive you completely off course.


Good Bookkeeping simply means accurate and timely financial statements. The accuracy of the financial statements is the key to knowing your numbers and the timeliness of those prepared financial statements is critical so you get the quickest results possible. 


It does you no good to get your P &L and Balance sheet on August 10, 2022 for the year ended December 31, 2021. The train has left the station. You must have a minimum of monthly financial closings and reporting completed no later than 15 days after the month being reported on ends.


Without good bookkeeping, it is impossible to know your numbers.

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