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From day one your organization, no matter how large or small, needs a quality accounting system on how YOUR ORGANIZATION is doing. WHY?
1. A quality system IMPROVES PROFITABILITY:
- What products/services are making money?
- What products/services are losing money?
2. A quality system IMPROVES CASH FLOW:
- Who owes you money, and if behind, how far behind are they?
- Who do you owe money to and when?
3. A quality system REDUCES YOUR TAXES:
- Having accurate, timely, information, delivered on a consistent basis, allows a tax professional to take the necessary steps to reduce your tax bill. If you wait until December 31st it’s too late!
CNY Business Services (CNY) is not your ordinary bookkeeping service:
- CNY is committed to serving the needs of small/mid-sized organizations in our community by taking on the entire burden of bookkeeping. This allows business owners to focus on serving their customers and growing their business.
- CNY is committed to personal attention and will never use a one-size-fits-all approach. CNY will begin by asking What do you want? And why do you want it? CNY will then design your accounting system.
Every organization, new or existing, wants to succeed:
- Every decision you make should be based on wisdom gained from analysis of past and current information
- This begins with the underlying data. Data accurately entered into an accounting system.Data leads to financial information (reports) that will be a guide in making wise decisions.
- Organizations excel because of management’s willingness to try new approaches and then measure their success. Your accounting system tells you what’s working and what isn’t
In summary bookkeeping is the practice of determining which numbers are important to you and your organization. Once that’s decided CNY can set up a customized system that will organize the information you want. This is how CNY will come up with Your accounting system.
Here is an informative, detailed, article at Wikipedia on double-entry bookkeeping.
