Guidance and Knowledge for Value Investors
There are two primary characteristics associated with customer service in the small business world. These are timeliness and accuracy. Both are essential and need each other to meet the standard of great customer service.
Every service related business wants to maximize the hours the staff bills or provides services to customers. When they are working, the business gets to bill for time and generate revenue. Maximum revenue means the best chance at creating the highest profit.
In the world of accounting, we stand on two principles; timely and accurate information for the client. Without either, the client can’t make good decisions. As accountants our job is to record economic transactions and report this information in a financial format. For the client it is imperative that the information is provided in a reasonable period of time after the activity.