There is an underlying stigma that management can tend to keep the accounting department separated from the operations management of the company. Often, the back office accountants look at numbers after the fact, providing less insight and more archival and data management. However, there are some very good reasons to start having more conversations with your entire accounting team during the overall management process instead of a one way flow of information after the fact.
Many small businesses walk a tightrope between accounts receivable and accounts payable. It is a constant challenge.
A business with industry-leading sales can lose money. Growing profits may mask declining efficiency. To truly.
No business can operate over the long term without generating sufficient cash inflows. Even a profitable firm will.
