Читать книгу Xero For Dummies - Heather Smith - Страница 20

I have a client who went on a cruise around the Greek Islands. While he lay on a deck chair eating dolmades and drinking ouzo, he reflected on one of his many businesses that imported electronics and sold them in Australia: Why was the business not making money? The electric bikes had a significant profit margin applied to them, so why was the business running up losses? He considered winding up the business, but before he pulled the plug he called me in to review the records. I examined and corrected the custom invoices. I delved further and realised the bookkeeper had overwritten the purchase price and entered the exact same purchase and sales price. (Bizarre but true.) The reworked accounts improved the bottom line of that segment by a quarter of a million dollars! It removed it from another segment, which they had thought was profitable.

Running a successful business involves continually making correct decisions. While no magical formula exists for always making the correct decisions, I do know the process needs guts, foresight and intuition — and correct, timely data. So you bring the guts, foresight and intuition, and this book shows you how to surface accurate, complete and timely data in Xero!