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Financial Statements
We can prepare compiled financial statements to fit your needs.
What you can measure you can manage. We can help you use these statements to better manage your business and make you more money in less time without hassle.
You need good financial records for several reasons:
- Banks and other financing companies require reports of past performance to evaluate your business.
- Operating decisions in a business are based on financial reports.
- You need a proper audit trail to substantiate your tax return numbers.
You can use some of the following business ratios to monitor your business performance on a month-by-month and a year-by-year basis:
Current ratio - current assets divided by current liabilities will measure your ability to pay your current debts.
Debt to equity ratio - Total liabilities divided by net worth will provide you with a year-to-year comparison of your ownership in the company.
Profit margin - Gross profit divided by net sales will allow you to compare your business operations to other companies in your industry, as well as monitor your own operations over time.
Receivables outstanding - Receivables divided by the average day's sales will give you the number of days' sales on the books.
Calculators:
Click on our calculator tab. and check out the following calculators:
Profit margin.
Financial ratios.
We will help you read and understand financial statements so that you can make good business decisions.
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