One of our CFO’s, Dan Cote’, was at a recent Master Builder’s Association meeting and was speaking with one of the member contractors about how he just put the finishing touches on the house he built. The contractor quietly laughed and said, “Never thought I’d see a CFO building houses.”
To which Dan smiled and replied back, “I can’t believe contractors try to manage their own accounting.”
The conversation was all in good fun, but it brings up a good point. After Dan is done building his house, a certified professional needs to inspect his work, point out any mistakes he made, give advice on what he needs to do to fix any issues and may even lend a hand if Dan doesn’t know exactly how to do something.
When it comes to your business’ accounting, nobody MAKES you have your financials inspected before you continue running your business. Just as a guy like Dan wouldn’t let friends and family come to a BBQ on his new deck without having it inspected, you should be sure to have a professional checking the numbers of your business on a regular basis to ensure the safety of your company and the employees working for you.
It’s always fun to take on pet projects that are a little outside of your day to day work, but be sure you have the pro’s checking your work and looking out for you at the end of the day. We want to see your business succeed and it’s always better to be safe than sorry.