Biggest mistakes made by small business owners

The 3 BIGGEST REASONS why your monthly reports are MISLEADING you!

Ceefo has worked with numerous small and medium sized businesses over many years. Without exception the first few months tend to always the same. When we review their financial reports at the end of each month, it’s very common to find that their financial results are inconsistent. So we ask a range of questions about how their business is handling a number of basic accounting requirements. In most cases, we find that the inconsistent results are an outcome caused by incorrect accounting treatments. How big an issue is this? It is a huge issue. All too often [...]

By |2020-07-20T16:46:01+10:00November 20th, 2018|Articles, Biggest mistakes made by small business owners|

The 8 BIGGEST MISTAKES made by small business owners – are YOU making any RIGHT NOW?

When a small business is growing, visibility is key to managing profitability and ensuring that growth is sustainable. Too many small business owners start losing track of the true picture of performance once the size and complexity of the business increases - typically by the time turnover has reached $1M+. Is your business making any of these 8 BIGGEST MISTAKES RIGHT NOW? If your profits vary significantly from one month to the next and you are not clear why, you have little clarity on how you are actually performing If your accounts are not structured [...]