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In today's economy it is crucial for a business to have a budget. A budget is the tool a business uses to monitor their actual income and expenses in order to insure that everything is in line. It is the most important tool assisting every business owner in making effective decisions in order to maintain their cash flow and profitability.
In October 2008, when the economy started to down turn, the team at Baskfield & Associates, CPAs, contacted their business clients to see how they were doing.
"I felt it was important to talk with our clients personally. We need to understand the changes in their environment, be their support system and advise them on the impact the changing economy could have on their business. We wanted them to know we were there for them and watching out for them." Lisa Baskfield, CEO