Wednesday, January 9, 2008

Financial Bookkeeping Services

Financial Management

Financial Management

Some of those offering bookkeeping services can read your financial statements like a doctor reads a patient's chart, seeing symptoms of weakness that allow her to prescribe an antidote. At this level, the cost of analysis almost always pays for itself in performance improvement.

"Many companies fail for lack of knowledge of financial awareness", says Robert Haugh of Robert Haugh & Associates Inc. "The reason people outsource is because they have the ability to tap into an educational and experience base on an as needed basis" observes Jane Blakely of I&S Co.

Lee Torrey of Kalcher Vanderwal & Torrey PC CPAs says, "if we can look at it on a monthly or quarterly basis, it gives them better information to make their management decisions throughout the year"

"A well kept set of books is of particular value if you are thinking about selling your business - both to the buyer and the seller" observes Ed Mende of CFO Controller Group Inc.

Mary Jo Flory of Computerized Planning concludes, "Business is much more difficult than it was 19 years ago when I started, and therefore we need to stick much closer to budgets and projections, making sure that each client's customers get a good value."


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