Quality bookkeeping services is one of the most overlooked operations of small businesses. We at Fragnoli & Company, CPAs in Brentwood, TN cannot tell you how often we encounter small businesses whose books and records are in a shambles. When a company has aspirations to expand its volume or improve the bottom line, little in its operation is more critical to achieving these goals than proper maintenance of books and records. How can an owner/s properly review and analyze the effectiveness of the company’s marketing and business development program or review the effectiveness of a cost efficiency systems implementation if the respective accounting systems are not adequately maintained and do not provide the necessary financial reports. Inventory turnover analysis, accounts receivable analysis, sales ratios and return on investments are just some of the performance tools that require accurate and complete accounting records.
If a small business wants to know the value of complete, accurate and detailed financial records, look no further than the attempt to obtain bank financing for expansion of facilities or the request for working capital. We at Fragnoli & Company, CPAs like to tell our business clients to look at us as a profit center rather than an expense. Through our accounting and bookkeeping services and related business consulting, we can assist our business partners with financial analysis and marketing plans that can help improve the bottom line or expand the revenue. I recently visited one of our larger clients out in California. After a review of their accounting records and processes we were able to streamline their payroll operations and make changes to their office supplies purchases that will save them thousands of dollars over the year. By reviewing equipment utilization and eliminating some of the rented equipment, a local client in middle Tennessee is reducing their monthly operating expenses by thousands of dollars. Owners must not get so caught up in operations and personnel issues and overlook their accounting and financial systems and processes. These tools are invaluable in helping small business achieve maximum financial results.
We at Fragnoli & Company, CPAs are here to assist our clients with these services. The costs are reasonable and the value frequently is exceptional. If you are in need of business consulting and/ or bookkeeping and accounting services, please feel free to give our office a call and set-up an appointment to discuss these services at (615) 377-0705.