Here’s an article that drives home the point about how important it is for small business owners to know their financial position at any given time and not just during tax season.

If you have not kept up with recording your expenses for 2006, then the task of dealing with a disorganized set of books is a big chore. Get organized now to make 2007 better.

Bank reconcilations should be done monthly, and you need to know where your cash flow stands.