Are You A Victim of Your Bookkeeping?
In this issue…
What Is At Stake
238words, a <2 minute read
We work and discuss Ci business financials with hundreds of companies we often hear “we are solid with our bookkeeping”
Frankly, I am not sure what that means. We know virtually every company in the CEDIA space has its own version of bookkeeping. Often it’s more creative than the craziest of system designs.
Here is what we do know: bookkeeping does not necessarily mean strategic bookkeeping.
Your bookkeeping should help you manage the business:
Make better decisions
It is even better if it can validate results against dozens and dozens of other similar companies.
We estimate that 3000 CI companies leave $100k of unclaimed profit on the table each year. Some leave even more!
What would $300M in annual profit do for this industry? What would 5 to 15 points of added profit mean to your company?
If you are on QuickBooks, you can find out for a little as $5,000 for a 12 month dose of prescription based methods. [A small price for BIG results].
There is no need to re-create the wheel, no need to experiment any longer: the answers for optimizing your business are proven and implementable.
It does require you to conform to a standard: adhere to a baseline process: use the feedback of well-honed proven metrics and learn from others in the business.
If you choose to, you won’t regret the results and peace of mind.