Are your financials catching you by surprise?

June 16, 2011

We use to have our financials on the third business day of the following month, but before I left the business we were aiming for the last day of the current month. Today, banks can do it much quicker. If you are waiting more than five business days to get your financial information, you are waiting too long!

If you don’t know how you are doing this month, how can you possible change what is happening next month? The longer you wait, the more likely you have to project last month’s performance into the future. Those numbers are not always good indicators of current performance, so you may be caught by surprise. And you may wish you’d taken corrective measures sooner.

Don’t let your financials catch you by surprise.

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