Accountant in Rancho Cucamonga, CA
Prepare financial reports monthly. For year-to-date comparisons and to make quick management decisions, financial reports must be done monthly. As goes the month, so goes the year. You can compare the sales, gross profit, and net profit at, say, the end of May, with prior years and get a nice idea of how the current year will finish. You can compare the total accounts receivable or payables with prior years to spot problems and then speedily take corrective action.