What gets Measured gets Managed

This is a much repeated tenet in the business consulting world, but there’s a good reason for that – it’s true.  And it’s one of the most overlooked.

  • Does your accounting information Help You make business decisions?
  • Do you review financial reports such as monthly Income Statements, your Balance Sheet or sales by product line?
  • Do you have a budget for expenses and a forecast of future sales?

“What gets Measured gets Managed” basically translates to “You can’t fix it if you don’t know what’s broken”

Your accounting functions should be timely, accurate and valuable to you as the CEO of your business – not just a requirement for your taxes.  You should be looking at reports and trends every month (at least).  You should be analyzing your profit margins, your expense trends and sales performance.  You should be using this information to forecast future results.  You should be comparing your forecast to your actual results every month – identifying variances and making changes to your business.
All of this sounds obvious to a corporate CEO or accountant, but the average small business owner often handles duties ranging from CEO to janitor and everything in between.  There’s only so much time in the day - taking care of customers and generating revenue are the priority.
What every business requires are the systems and processes needed to handle day-to-day processes AND generate valuable data for the decision makers.  At BALANCED, we work with each business owner to design process and procedures that fit your specific needs – at a price that fits your budget.  There is no “one size fits all” solution for every business.
Think about your accounting system – does it give you what you need, or is it just a pain in the neck?
If you’re ready to get serious about managing your business, contact us today and get BALANCED.