📝Weekly Accounting is a different way to think about accounting for small businesses.
Traditional accounting is:
- Monthly
- Tax and audit centric
- The way we’ve always done it
You might not think you can do it because:
- The close process takes longer than a week
- We only get bank statements monthly
- It would be a lot more work, and we’re already understaffed
We know you can because we are doing it for our clients.
Benefits of Weekly Accounting
Weekly Accounting helps the business because it:
- Enables faster feedback loops: every 7 days instead of 28 to 31 days.
- Makes periods easier to compare: retail businesses have always measured weekly because every week is 7 days and every quarter is 13 weeks.
Weekly Accounting:
- Is doable if you build the right set of tools
- Makes the 📝Month End Close process easier
- Enables you to level up
It starts with a different goal
Traditional vs Weekly Accounting
We didn’t study accounting formally. We studied engineering, digital signal processing, economics and game theory. To us, all businesses produce a stream of transactional data from a reasonably common set of 📝Business Applications. Traditional accountants are myopically focused on the financials. Weekly Accounting ingests data from the entire 📝Systems Diagram.