“Winning is a habit. Unfortunately, so is losing.” – Vince Lomdard
In a world that is moving so fast, habits that were once good can soon become outdated and this is very apparent in finance and accounting. A business is a living, breathing thing, and it has to constantly adapt to new technology and new legislation.
Companies will spend thousands on changing and improving the habits that seem most obvious, such as sales and marketing strategies, getting the latest software; anything that keeps them at the cutting edge so they can attract new business and retain customers.
Unfortunately this is not the case for the finance and accounts departments.
If you are a company that requires a project based finance system, you have probably heard of, or are using the job costing finance system called Paprika.
Since 2003, I have been working with companies who use Paprika and during this time I have become a very experienced super user:
Some companies I have worked with who use Paprika well:
Red House Lane Communications
When Paprika is used correctly it provides accurate financial information that business owners and managers can use when making those vital business decisions.
However, most companies I have worked with struggled to make the most of this system and ended up running a second system such as excel in tandem with Paprika; which resulted in doubling the workload for their finance and account teams.
If you are struggling to make Paprika work for you, don’t worry, because I can help you to get to grips with the system in the following ways:
A couple of weeks ago, I was chatting on-line to a friend about their finances, and the conversation we had reaffirmed why I created my ‘Finance Health Check’ and why it is so important to get clear on your finances
The edited conversation went like this:
Friend (morning): “Urgh! Finally catching up on my accounts, which I have neglected appallingly for months. Funny how just checking the running total in the bank gives you a sense that you are doing ok, and don’t need to bother.”
“To embark on the journey towards your goals and dreams requires bravery. To remain on that path requires courage. The bridge that merges the two is commitment.” Steve Maraboli
“There is no time more valuable than a moment of clarity” Linda Poindexte