"Accounting is not a checkbox. It is the foundation. If your numbers aren't current, you're running your business in the dark."
"Revenue means nothing if you're not collecting it. Poor collections can stall growth, even with a strong sales pipeline."
As businesses grow, financial management often lags, leading to anxiety about cash flow amidst rising revenue. A Fractional CFO highlights the need for accurate, timely financials rather than vague estimates. Businesses should close books within 15 days post month-end and ensure proper revenue collection processes. Without these practices, finance becomes a bottleneck, jeopardizing growth and operational efficiency. Clear accounting and effective collection strategies are essential for maintaining financial health and stability in expanding organizations.
Read at Entrepreneur
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