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By David Richmond, Accounting Partner, Armstrong Watson LLP MANY businesses fall into one of three traps with their financial reporting – an absence of up-to-date financial information, the wrong financial information or too much financial information. Each causes different problems, so striking the right balance is important. Having up-to-date financial information means business decisions are well-informed. Without real-time financial information, ensuring your prices are correct, taking on employees, forecasting, closely monitoring overheads and fundamental changes to your business model will be an exercise in guesswork. You also need to ensure you have the right financial information to drive business growth. Comparing your monthly profit and loss accounts to last year may not be enough. It’s therefore important to understand the key drivers behind these results. ....
BOSTON, April 19, 2021 /PRNewswire/ Botkeeper, the leading machine learning-powered bookkeeping solution purpose-built for accounting firms, has been recognized as part of The Financial Times list of The Americas’ Fastest Growing Companies 2021. This prestigious award is presented by The Financial Times (FT) and Statista Inc., the world-leading statistics portal and industry ranking provider. The FT list of The Americas’ Fastest Growing Companies comprises the enterprises that contribute most heavily to economic growth. A total of 500 companies are featured on the list released online April 13, 2021 and can currently be viewed on the FT website. ADVERTISEMENT Botkeeper’s ranking at number 117 on the list was determined through a complex analysis that evaluated year-over-year revenue growth. From 2016 to 2019, Botkeeper grew 560% in revenue. ....