Five Questions to Ask to Put Your Financial Books in Order for 2015

SJG Business Advisory Alpharetta

As we approach the end of 2014, many small businesses are looking eagerly at the potential in 2015. Knowing how to close out the year at hand is vital to starting your businesses off on the right foot in the new year. With five simple questions, you can make sure your financial books are in order, helping you to gauge the health of your business and plan with confidence. Here are the five questions to ask as you plan toward a successful 2015. Do you have multiple businesses? Is your accounting and record keeping set up separately for each company, and kept separate from your personal finances? Making sure you have a clear picture of operations is Step One to good financial management for your business and your personal finances. Are your records current? Do your financial statements show, with certainty, where you stand in terms of cash, accounts receivable, accounts payable, net income and gross profit? Keep all records current and formatted in a clear, usable document that … [Read more...]