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Make Change Blog

Bookkeepers can help you with your business decision making

Posted by Edwina Fairley on Sep 7, 2017 12:16:41 PM
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Drive to the meeting, or take the bus? Jeans or a skirt? Bring an umbrella, or risk the rain? Vanilla ice cream, or French vanilla?

Every day we make hundreds of decisions that impact our lives in small or big ways. And if the choice of which ice cream flavour to have sends you in a tizz (hint: the correct answer is French vanilla), then how do you fare when you need to make important business decisions?

The key to good decision-making is having the right information on hand when you need it. If you’re trying to decide whether to bring an umbrella out with you, looking up the weather report will give you the information you need to make an informed decision.

In business, it’s not different. You need information to help you choose your next steps.

Bookkeepers help you make informed decisions

Anyone can toss a dart at a board and come up with a decision, but without the right information, there’s a very good chance things could go pear-shaped. And when it comes to your business, you don’t want to be the one throwing darts.

Every day we see business owners who don’t have visibility across their finances. They’re in constant danger of running out of money because they can’t see how their cash flow is tracking.

The Make Change bookkeepers ensure your cash flow is accurately tracked from month to month. Our report shows you where your cash has been spent, and we can also give you projections so you can figure out what your situation will be in the future.

Bookkeepers can give you figures when you need them

If you need some urgent figures to help you decide if an opportunity is worthwhile, then having a bookkeeper in play will ensure you get what you need. Bookkeepers manage your monthly reconciliations and reporting, and will be able to quickly give you the figures you need to make important decisions.

Bookkeeping involves tracking the fine detail and recording it in accounts software. Working with these numbers can sometimes make it hard to see the big picture. So it's often better to have someone else do this work.

Bookkeepers can find opportunities for improvement

At Make Change, we love data. We’re nuts for it. Data is the French vanilla ice cream of your business – it’s great to snack on and it will change your life.

We love to use data to spot ways you can improve gross margins, analyse direct and indirect costs, and find opportunities to improve.

Business decisions should come from a place of knowledge. The best way to ensure you have that knowledge at your fingertips is to employ an awesome bookkeeper.

Now that we’ve got that out of the way, it’s time for some ice cream ...

At Make Change, our philosophy is “humans where you need them. Software for everything else.” We’ll give you a monthly update on the facts and show you want to do to improve your financial health. We give you step-by-step answers to your financial questions, and we provide you with that year-round visibility that’s so key to entrepreneurial success. Go on, book a meeting to talk to the team at Make Change about your business needs.

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