strategic - avitus group · 2018-04-17 · w hat accountants do: accounting is the creation of...
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![Page 1: STRATEGIC - Avitus Group · 2018-04-17 · W hat Accountants Do: Accounting is the creation of financial strategy based on the data collected in day-to-day bookkeeping. ACCOUNTING](https://reader034.vdocuments.net/reader034/viewer/2022050517/5fa11efa0a2e8f10542b04cb/html5/thumbnails/1.jpg)
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How can you decide to make a big financial investment such as an onsite data management system (i.e., servers, processors and the people to run it) if you don’t know whether you have the money? You can’t."
– Brenda Sherrodd, Avitus Group Director of Accounting Services
GROWTHpotential
• Audit your books to ensure accuracy• Interpret the numbers in your books• Create strategy based on those numbers
Through audits and reports, your accountants provide a picture of your company’s finances:
• Trends• Forecasts• Forecasts• Cash flow• Growth potential
What Accountants Do:
Accounting is the creation of financial strategy based on the data collected in day-to-day bookkeeping.
ACCOUNTINGImportance of
Bookkeeping is the collection of financial data—the day-to-day recordkeeping of all of your company’s financial transactions.
Your books hold the data you need to make all of your strategic financial decisions. If you don’t have a good grasp of how money goes in and out of your books, and at what amounts, you can’t make informed decisions about your company’s finances and you can’t plan ahead."
– Brenda Sherrodd, Avitus Group Director of Accounting Services
BOOKKEEPINGImportance of
Business owners often equate bookkeeping and accounting to housekeeping – administration rather than strategy.
But accounting is strategic. Good accounting can make the difference between success and failure.
ACCOUNTING TIPSSTRATEGIC