Monthly Audits

The benefits to performing a monthly audit of your financials are endless. As we discussed yesterday, catching money saving deductions is nice, but why else would we take time to audit each month? Finding errors and omissions is a given, what about analyzing your job costing reports? Are you making money or losing money? Can you specifically pin point the areas you are thriving and the areas that may need some extra attention? What are the signs that you are veering off your path and need to course correct? It is ok if you are not able to answer these questions, as long as someone on your team can. The more current, up-to-date information you have about the health of your business the better equipped you are to make informed business decisions.