Hardwood Floors August/September 2025

Finance (Continued)

Staying financially organized isn’t a one-time project – it’s an ongoing commitment. By investing in systems, tools, and habits now, you set the stage for smoother operations, stronger decision-making, and sustainable growth.

INVEST IN YOUR FINANCIAL FUTURE

BENEFITS OF FINANCIAL ORGANIZATION

BETTER DECISION-MAKING Clear, up-to-date financial data allows you to make informed decisions about hiring, marketing, pricing, and more. Disorganized finances make it hard to see what is working – and what is not. IMPROVED CASH FLOW MANAGEMENT Understanding how money moves in and out of your business helps you anticipate slow periods and plan for large expenses. Organized books help you avoid overdrafts, late payments, and missed opportunities. SIMPLIFIED TAX PREPARATION Come tax season, organized finances make it easier to file accurately, claim deductions, and avoid penalties. If you are ever audited, detailed records can be a lifesaver. ENHANCED ACCESS TO FUNDING Whether you are applying for a loan, seeking investors, or exploring grants, lenders and stakeholders will want to see clean, consistent financial records. REDUCED STRESS Money-related anxiety is real. Knowing your financial information is in order gives you peace of mind and more time to focus on growing your business. Staying financially organized isn’t a one-time project – it’s an ongoing commitment. By investing in systems, tools, and habits now, you set the stage for smoother operations, stronger decision-making, and sustainable growth. Dana Rogers is the controller for the National Wood Flooring Association (NWFA) in St. Louis. She can be reached at dana.rogers@nwfa.org.

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