As bookkeepers, we often work with businesses that have goals to grow their book of business and seek investors or someday sell to investors. This isn't possible unless every
transaction is tracked and handled a certain way. I'm always amazed at the different mindsets we encounter when talking with business owners. Some treat their business as a hobby and tend to not take it serious while some treat their business very serious and understand it needs to be 100% accurate at all times in order to scale. After talking investors and CFO firms, I've learned that it's always better to be in this ready mindset and not be caught off guard by not being ready to show an investor your books. I've come up with a few areas that all small businesses should focus on if they someday want to present their books to investors.