In my role as a business mentor and finance broker I frequently meet small business operators who are struggling to come to grips with the financial side of their business. When asked about their trading figures, or cash flow for the month or year to date, they roll their eyes and say we get the accountant to do this or, worse still, they hide from it. This is especially true for the home based business or the newly established business where capital is tight, and they do not wish to spend precious cash on an accounting system.
If only they knew the value their bank statement contains. After all it's where the accountant extracts his information, and earns some of their fees from.