One of the most underrated segments of business is finance. This is mostly because sales and operations drive the top-line, while marketing keeps your customers engaged.
Bookkeeping is more than back-office recording of “ins- and-outs” in QuickBooks. Professional bookkeeping sets a precedent for growth strategies that tie into decision making.
Transaction analysis is the only way a business owner is able to understand how to cut costs and what revenue streams are truly adding to your bottom line. Without historical financial data, it may be difficult to develop a realistic budget and forecast business activity for operations.
Come tax time, you want to be able to take advantage of any deductions available and set the right future tax strategies in place when you’re at a profit.
Understanding cashflow is one of the most crucial points of survival for a business. This is a topic all in itself, but it’s important to identify how quickly you can recover your cash to cover operations and how far your cash can take you for growth initiatives. If you need additional funds to support this growth, you will not be able to qualify for loans from major banks or investors without meeting financial covenants and having the right compliance in place to produce auditable financials.
At Y2Solutions Consulting and Tax, regardless of the size of your business or industry type, we work with you at the line where finance meets operations. We understand big picture strategies and the basic fundamentals that can make a business scalable.
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