As a busy executive, you may assume your accounting department only handles the boring stuff like taxes and financial statements. But did you know that there are members of your accounting team who can actually be a very valuable asset and trusted advisor to you and to your company in ways you may have never considered? Let me share with you why the next time you’re stumped or tapped out of ideas, you just may want to tap into some brilliance down the hall in your accounting department.
Your accounting team is constantly analyzing your company’s expenses and is often in the best position to identify areas where a division and/or the company as a whole can save money. They may suggest negotiating better deals with vendors or offering more efficient ways to run your operations. They can also help you identify cost savings opportunities by providing you with an in-depth understanding of your company’s financials, which can inform budgeting and forecasting decisions. All of this can also be provided in laymen terms such that there is no confusion on terms and/or the next steps in your approach.
READ THE FULL ARTICLE BY JEANNIE CARUSO IN THE 2023 SPRING EDITION OF GAMING & LEISURE MAGAZINE.