Clear financial objectives will determine the success of your own business and you’ll find out that there’s more to accounting than just balancing credits and debits.
Accounting entails more than just managing credits and debits, and it comes into play more often in everyday business decisions than you may realize. A few examples include:Accounting.com “The Importance of Accounting for Small Businesses.”
•Closely monitoring your accounts receivable to illustrate trends or behaviors in your customer base. It can also cut down on the costs you incur by pursuing late payers.
• Establishing a detailed budget to help discover inefficiencies within your operations.
• Sudden changes in vendor costs or sales revenues can alert you to important industry changes.
• Understanding your financial position in order to spot problem areas that could interfere with loans earmarked for expansion.
Silicon Harbor Business Services is based in Mount Pleasant, SC. We provide solid, practical advice to small business owners and select individuals.
We work with Quickbooks Online, Quickbooks Desktop and Quickbooks Enterprise. For Quickbooks Online, we work with clients in Mount Pleasant, Charleston, Philadelphia, and across the US. For Quickbooks Desktop and Quickbooks Enterprise, we only work locally in the Charleston, SC area.