With the stock market roller coastering every day and more banks in trouble these are pretty serious times. If you are a small business owner it's more important than ever to stay on top of your books so you know where you stand financially at all times.
The credit crunch is happening and it is real. You need to know what your cash flow is and where your expenses are going. By reviewing your profit and loss statement and balance sheet on a regular basis you can keep from getting surprised.
If you don't have the time to keep your books up to date, outsource it to an independent bookkeeper. It will be worth it in the long run.
Wednesday, October 15, 2008
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