I’d like to share a great blog post by TAB Denver West Member Rick Arthur. In it, Rick offers a new way of thinking about your approach to finance and accounting.
Most CEOs don’t think about treating their finance and accounting departments as ways to drive profit. What I typically see is owners’ books being set up by their CPA to make it easier for the CPA at tax time. However, a better approach is structuring the books to help the business owner run and grow their business. In his post, Rick outlines the progression of a business and its finances and offers suggestions for ways to treat your accounting as a profit center.
Read The Unlikely Profit Center, and let me know what you think.
Blair Koch