By Optimum Accounting
Many businesses aren’t profitable simply because they don’t know where they are spending their money. What many business owners don’t realize is that an accurate picture of their business can also let them know which portions of their business are profitable and which are not.
This allows them the opportunity to make adjustments such as raising their prices or even discontinuing some of their products or services. This is a case of what you don’t know can hurt you – or your bottom line.
