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When "Good Enough" Isn't Good Enough - Accuracy in Business Reporting

  • Michael Vasey
  • Jul 25
  • 1 min read

Updated: Jul 30

A business that runs on guesswork is a business that's flying blind. Whether you're reporting to yourself, your board, or your accountant, the quality of your inputs affects the quality of your decisions. "Close enough" might cut it in the kitchen - but not in the back office.

Split-screen digital image of two laptops showing financial reports — the left with red error highlights and a discrepancy note, the right with corrected figures and a green checkmark — representing the importance of accuracy in business reporting.

Why Accuracy Matters


  • Cash flow misjudged? You risk overextending or underinvesting

  • VAT underdeclared? That's a compliance issue

  • Reporting on incomplete data? Your strategy won't be grounded in reality


Common Sources of Error


  • Manual data entry across multiple platforms

  • Forgotten invoice edits or duplications

  • Disconnected bank feeds

  • Poor file naming or version control


Building Accuracy Into Your Workflow


  • Reconcile regularly - don't leave it all to year-end

  • Use clear file naming conventions (e.g. ClientName_Invoice_2025-07-01_

  • Keep templates locked and use validation wherever possible

  • Create a monthly checklist to spot gaps before they become issues


It's Not About Perfection


It's about trust. When your data is solid, your decisions are stronger - and your stress levels lower.


If your reporting feels more guess than gospel, Anchorpoint can help you tighten things up - calmly and without the overwhelm.



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