Unfortunately in the world of startups and SMBs, efficient and proper accounting systems and processes are often seen as a nice-to-have rather than a must-have. While we all know that the ideal company infrastructure would include a robust back office, resources often end up focused on the areas that generate revenue. Except there is one problem in this logic—often areas that make not seem to be direct revenue generators can still have a tremendous impact on your bottom line.
Managing a profitable company is all about controlling costs enough that revenues outpace expenses and margins are.