Up Your Cash Flow / Goldstein 72-73

73 Have your accountants train your bookkeeping personnel to prepare the statements. Let the accountants confine their activity to a cursory review after the bookkeeper has completed the major portion of the work. This should reduce professional fees substantially and provide you with much-needed data.

Have your accountant recomment a free-lance bookkeeper.

Understanding financial statements is not enough. You much have a management information system that monitors properly prepared financial statements, cash balances, future cash needs, accounts receivable and inventories.

CASH IS KING, ALWAYS HAS BEEN AND ALWAYS WILL BE.