The CPAs and advisors at MFB have worked with many small and family-owned businesses to manage the bookkeeping and cash management, as well as advise in many other areas of the business. Each client has had unique needs and business goals that required a customized approach.
In any business, accurate and timely bookkeeping is a critical component. Daily accounting procedures such as bill pay and reconciliations help in the following ways:
- Support more accurate financial statements
- Timely billing to help eliminate cash flow crunches; and
- Facilitate improved lending relationships and position you for growth.
In addition, having up-to-date payables and cash flows allow you to make decisions quickly when you need to invest in new equipment or make a decision as to what salary you can extend to a new employee, eliminating the need to step back to run the numbers.
Swezey Fuel is the largest multi-generational family-owned full-service fuel company in Suffolk County and is currently celebrating their 100thanniversary. They have worked with MFB since the early 1970s and rely on them for accounting services, tax preparation and planning, business valuation and succession planning. Read more how MFB has been able to contribute to the business and owner strategies.
Hear what Tom Terry, CPA, has to say about how small business and bookkeeping impact your business.
Contact us to find out how we can help your small business.