It is often amazing that the lack of attention given Finance matters in some businesses by its owners. Accurate, well presented, logically ordered numbers tell a very clear story about a business. Here are the tips that will help you to improve your Finance department.
1. Manage your accounts using a recognized financial software package.
2. Keep your accounts up to date, at least weekly.
3. Invest a few thousand rupees in being trained to get the most out of your accounting system.
4. Invest in having your chart of accounts professionally set up —this will deliver high quality, useful decision-making information.
Takeaway: If you can’t measure it, you can’t improve it. (www.missionmeans.com)