You need help managing your small business finances. A professional partner who understands small businesses can offer strategic financial advice, help manage growth, ensure you’re in compliance, uncover potential business issues and keep you on track. You need a strategic financial partner who is in close contact, asking questions and to ensure that they understand your business intimately.
If you haven’t already had the following discussions with your small business accountant, it’s time to ask the following:
How can I improve the financial health of my company?
At its heart, this question is all about cash flow. With the help of your accountant, you should be proactively monitoring your cash flow, finding ways to increase your cash flow and reduce costs. Understanding your cash burn is a foundational financial exercise. Without a deep understanding of your cash burn, you’re setting yourself up for trouble. Your finance professional should support you with day-to-day budgeting, help you refine your accounts receivable and accounts payable systems and maximize your pricing strategy, to name just a few tasks that greatly impact your cash flow.
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