Between year-end, New Year resolutions, and tax season; this is a popular time for accounting. In both our business and personal lives we are taking a closer look at our finances. Receipts are carefully organized rather than stuffed in glove compartments. Budgets are being created and financial statements meticulously examined.
But much like our diligent flossing begins to dwindle a month after each dentist appointment, our focus on accounting begins to take a back seat as the year goes on and we are sidetracked by other projects and deadlines. So, as we enter deeper into 2011, let’s take a look at why the financial health of a company is so important, and what we can do to avoid breaking our financial resolutions.