While Los Angeles and Southern California business leaders know they need financial statements in order to deliver accurate financial information, many do not give income statements and balance sheets the attention they deserve.
The failure to accord time to comprehensively review monthly financial statements can be harmful in a number of ways.
Reviewed in this article…
…are five reasons why it is critical to closely review financial statements, as well as five positive outcomes of working with a provider of outsourced CFO services to understand and leverage monthly financial information.
A working relationship of this nature identifies what to look for, what the numbers mean, and the right questions to ask your financial staff.
Additionally, working with an outsourced CFO delivers as-needed, high-level financial expertise – in ways that can be more efficient and cost effective than hiring a full-time CFO.