Running a business on a “gut feeling” is more like gambling than managing…
Gut feelings are better than nothing; but Gut feelings can be wrong and being wrong can be expensive. Knowing your real numbers is essential to making sound business decisions.. There’s no substitute for accurate, timely reporting. You can also benchmark your business against you competitors average numbers (this information is available if you know where to look)
Our clients have a solid handle on Inventory, Payables, Receivables, where they are making money and where they are losing money as well as hidden costs that accurate reporting uncovers.
And, of course, you can’t cover expenses, file a tax return or apply for a loan with a “gut feeling” about your business.