FINANCIAL
STATEMENTS
Financial statements are a
necessary part of doing business and help you
manage your business more effectively. These
statements should be prepared on a monthly basis,
which will provide a month to month, year to year
picture of your business. These comparisons will
help guide the future of your business as well as
help you become more efficient. We will help you
compile the necessary financial information,
review your data, and provide you with financial
statements completed in a professional and timely
manner.
Here is a
helpful checklist of business information that
should be monitored on an on-going basis:
- Debt to equity
ratio - This is your Total liabilities divided
by your net worth.
- Current ratio -
This is your Current assets divided by your current liabilities.
- Outstanding
Receivables - This is your Receivables divided
by your average daily sales.
- Profit margin -
This is your Gross profit divided by your net sales.
Understanding financial
statements can increase business profits. If you
would like to learn more about using financial
statements to make sound business decisions, we
would be happy to assist you.
