Consider the following scenario. You started a business. It is a small business, but it is selling the products that you love. Maybe it is even a specialty business, and you have had a great deal of success from your surrounding area.

2. Understanding Your Business'
Accounting and Cash Flow Process

3. Consider the following scenario. You started a business. It is
a small business, but it is selling the products that you love.
Maybe it is even a specialty business, and you have had a
great deal of success from your surrounding area. You are
not very good with numbers, so you have made the
decision to leave all of the money issues up to your
accountant.

4. Maybe you even hired an accountant first thing, and you
have never looked back. This way, you can concentrate on
your actual business and not all of those pesky numbers. It
seems like the perfect plan, does it not? As long as things
run smoothly, you may feel like you made a good choice.
However, once something goes wrong, you will quickly
realize that you made a very big mistake.

5. Suddenly, you are wishing that you had paid better
attention to the money side of your business. Maybe
you would have been able to see the problem
coming, or you could at least be better prepared for
the situation.

6. The first thing you should do is set up weekly meetings with
your accountant. During these meetings, take the time to
look at your company's numbers and ask questions. If you
do not understand what you are looking at, always ask the
accountant to explain. Before long, you will have a much
better understanding of your company's finances.

7. Second, you will need to begin formulating pans. What will
you do if your company does not reach their cash flow
goals for a week or a month? What will you do if your
business sustains way over the goal?
Once you better understand your company's finances, you
will be able to do much more with your business. You will
be able to handle problem times with ease, and you will be
able to make the most of the best times.

8. Finally, you will want to continue to be aware of the
numbers of your business. Keep in mind that your
accountant may make a mistake just as anyone will.
Therefore, understanding your finances will help you
better keep an eye out for any human error.