I have to admit that I like reports. Before you decide that I’m nuts, I need to tell you that a report is anything that tells you something about your business.
An invoice to a customer is a type of report. It tells you what you sold to whom at a particular price at a specific date and how they paid (or will pay) for it. That’s a lot of information in one little piece of paper.
Analysing invoices can tell you how much money you make from specific products, from specific customers, and at what times. If you don’t know where you’ve been, how will you adjust your course to get where you want to be?
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Once you have this type of information, you can start to look at how to improve your bottom line.
Like the concept, but don’t have the time? Call Barry at (604) 889-4199 Small business consulting that makes you money.