Business by the Numbers
In This Chapter
◆ Setting up your accounting system
◆ Keeping your books and records
◆ Watching your cash flow
◆ Staying on top of your inventory needs
◆ Better banking strategies
Don’t skip this chapter just because you and numbers don’t get along. As a home-based business owner, you can’t afford to ignore the numbers, even if you like them about as much as you like getting an annual physical. Doing so can doom your business to failure.
If you don’t understand numbers, you may be caught short of cash to pay your bills. You won’t know whether the business is growing or if it’s profitable. Just because you use an accountant doesn’t get you off the hook since you should learn how to monitor your money; after all, ...