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Bookkeeping & Financial Scoreboard with Bob Gauvreau, FCPA

15 Dec 2021 · 1 min

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1:04

This brief talk emphasizes that up-to-date bookkeeping is the foundation of business decision-making and that bookkeeping should be connected to a financial dashboard or scoreboard. The speaker argues businesses need timely financial records to know if they are meeting goals and to compare current performance against expectations.

Chapters

So bookkeeping is the foundation of a business, having up to date financial information to make good decisions. So many businesses come in here as their primary need is that they don't have up to date bookkeeping. And certainly, you know, we have incredibly talented bookkeeping professionals that are here that can help get that up to speed in a very efficient way. Bookkeeping, again, without having up to date financial knowledge of where your business is at, you don't really know if you're realizing your goals. So step one is making sure your bookkeeping is up to date. Step two would be tying that bookkeeping into some sort of dashboard so that you can realize what your goals are, what your expectations of where your business is, where it's going. Your scoreboard or your dashboard compares where you are now to where your expectations are, what your goals are, so that you can see if you're essentially winning at the game of business.