In most organizations budgeting is an exhausting process. Ensuring the right people are included, timely and thorough budget requests are submitted, and strategic planning drives the entire process is time-consuming and expensive. In fact, the Ford Motor Company estimated that budgeting and planning costs about $1.2 million annually.
Business owners deal with a lot of messes every day – back room inventory overflows, scheduling problems, and invoicing errors, just to name a few. Messes cause headaches, late nights, and if left unchecked, they can ruin a business. Unfortunately, the nature of running a small business inevitably leads to some messiness.
However, accounting records should never be one of these messes.