What should you know about your business finances before Q4 starts?

What should you know about your business finances before Q4 starts?In this episode of Books & Backbone, Donna Harris breaks down four things every business owner should understand before October 1:• Actual cash position• Year-to-date gross margin• Accounts receivable aging• Expense trendsRevenue alone doesn’t tell you whether your business is financially healthy. Sales can increase while margins fall. Your bank balance can look healthy even when much of that cash is already committed. And a large accounts receivable balance doesn’t necessarily mean all of that money is collectible — or even that the report is accurate.Donna explains how these four areas work together to tell the real story of your business, what to look for in your year-to-date numbers, and why September is the time to identify problems rather than waiting until year-end.Because a P&L is an output, not the work. Reliable financial reports depend on reliable bookkeeping behind them.December is too late to discover what happened to your business this year.Ready to find out whether your financial picture is reliable?Book a free 20-minute Financial Clarity Call: https://mysimplebookkeeping.com/contactMore from Bookkeeping Made Simple:Website: https://mysimplebookkeeping.comBlog — From Broke to Bankable: https://mysimplebookkeeping.com/from-broke-to-bankablePhone: 801-692-0032Donna Harris, MBA, MAcc is the CEO of Bookkeeping Made Simple LLC and host of Books & Backbone — the podcast for small business owners who want clean books, real clarity, and the financial foundation to build something that lasts.