Welcome to January. It’s the New Year — a time of renewal and fresh starts. This is as true for businesses as it is for the people running them.
First, check in on office systems. Does your accounting system work (when receipts actually find their way into it)? That system includes payroll, accounts payable and receivable, anything that helps maintain a healthy cash flow. That flow is the lifeblood of any business, so check in with an accountant for tips to make the most of it. Yes, my head spins in discussions of cash method vs. accrual method or merchandise vs. substantial merchandise, but pay attention. A good accountant more than pays for herself.