When was the last time you REALLY looked at your Balance Sheet and understood everything it was telling you?

It doesn't matter whether you are using EXO Business or MYOB or Quickbooks, the Balance Sheet is the 'window' to your business.

Even though you are showing a 'profit' in the Profit and Loss... are your Debtors running out to 90 days plus? Are your Creditors having to wait longer and longer to get paid?... is your overdraft growing week by week??... have you been buying all your equipment on finance, and the equipment is breaking down before the loan is complete? Are you carrying stock that is older than a year?

On top of this... are you measuring that each job is profitable? And that the payroll is costed so that employees are ‘earning their keep’?

If you aren't... then you are running the business by 'luck'... which is OK when money and clients are plentiful... and clients pay you inside trading terms.

Maybe you need to look at the 'processes' you have in place to 'run' the business... and I am not just talking about Software. Software is just a tool to make managing the business easier. If you have good Software but not reading and measuring the information... then maybe ABC can provide you with Management Accounting support from one of the six Management/Cost Accountants we have to help you analyse/measure and put in processes that help you steer your business.. not just hold on tight!!.

If the Software you are using is incapable of giving you information... then lets look at integrated systems... that have 'front end' point of sales, jobs management systems or payroll with HR within them... so you can get the 'front end' data ... within your Accounting systems. At present, ABC supports; EXO Business, Wageeasy, Ostendo, MYOB products and Quickbooks.

DONT wait until the Business NEEDS help... PLAN the Future!!!

Happy business growth

Carol Roberts