Today and tomorrow we're working on the balance sheet review. This exercise has many invaluable talking points when it comes to your business, from both a financial and an oversight perspective. Balance sheet reconciliations are a detective control that defines the numbers on your balance sheet. Your business’ back office should address all three control categories – do you know what those 3 categories are? If not, let’s talk ASAP.
As entrepreneurs focus on growing the business, the back office function is CRITICAL. The processes, controls, systems - do these things make sense for where the business is right now? Where are we with our vendor relationships? What does the team look like? Do you have the right talent in the right places? Don't think the job ends when the numbers are final. It is important to know the state of your business beyond the financial statements.
The initial blueprint you laid out for your business may have changed - you've outgrown the free version of the software you've been using now it's time to upgrade. It’s time to expand the team. Your back office has to evolve just as your business does...and luckily we have the expertise to get it done. Schedule a free consultation to review the state of your business today.
Have questions about your financials? Not sure how this accounting thing is supposed to work? Click here to email me, I'd love to partner with you and set your business up for success.
The Winston Accounting Group specializes in general ledger maintenance, tax prep & planning, and financial consulting. We serve clients both virtually and in the metro Atlanta area. We are currently accepting new clients, schedule your FREE consultation today!
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