👋 Welcome 👋
Did you put last month’s tactic into action? If so, I’d love to hear how it went. If not, see if one of the tactics below can help improve your financial performance right now. Each one is a quick read. Pick the one that fits your biggest need and commit to implementing it. If you want a sounding board or help getting it done, we can help.
This month’s newsletter brings together all of last month’s tactics in one place.
In this month’s edition, we have tactics from our Manage Costs Effectively, Enjoy Reliable Numbers and Collect Cash Faster playbooks. Our playbooks are designed to support our P-R-O-F-I-T approach to outsourced accounting.
Set Clear Billing Expectations
Communicating project milestones clearly and meeting deadlines helps ensure progress invoices go out on time for prompt payment. You cannot get paid for work you have not invoiced.
Control Spend in Real Time
Spend management applications like Ramp are the future of simple, scalable budgeting. Instantly issue or freeze credit cards by vendor, project, or team member to better control your cash and budgets.
Protect Cash With Controls
Fraud is real. Start by securing your cash. Use tools with approval workflows to add control and protect your business.
Systematize Internal Oversight
Strengthen your internal controls with approvals, reconciliations, and system alerts to reduce fraud and errors while keeping your operations running smoothly.
That’s it for this month.
Short and sweet.⚡🎯
Just quick tips and tactics that help you build a stronger business.
Learn more about Basis 365 Accounting and our tactical playbooks developed from our P-R-O-F-I-T approach™.