Financial Literacy: Business owners can always use a refresher
Not everyone is an accountant. However business owners from every industry can certainly gain from understanding cash flow, budgeting, profit and loss ~ all key to a company’s financial health. One way to make financial literacy an on-going priority is to surround yourself with experts and here are two strategies that come to mind…
Don’t be shy in asking questions.
Your trusted professionals know a lot. For example, CPAs can provide more than reports and statements. They can help read, understand and use them for well-informed decision making and planning. Partners such as VIA also offer training to improve the financial literacy at all levels of an organization.
Discover the value of an outsource CFO. No longer do large corporations reap the benefits; today there are firms that specialize in outsourcing CFO services. Accountants and controllers work hand-in-hand to provide all the skill, knowledge and insight needed to manage a company’s accounting department.
At DIGIT, we can support business owners’ financial literacy objectives. Ready to get started?