We can prepare or supervise the preparation
of your financial statements. Compiled and reviewed statements can be provided
according to your needs.
More importantly, we can help you use these statements, as well as
other reports, to better manage your business and increase your profitability.
Good financial records are necessary for several reasons:
| • |
Daily operating decisions are based on financial
reports. |
| • |
Bank loans require reports of past performance. |
| • |
Tax return numbers need proper substantiation. |
Here are some common business ratios you
should monitor 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. |
• |
Receivables outstanding - Receivables divided
by average day's sales will give you the number of days' sales on the books. |
• |
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. |
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. No one was born understanding financial
information, but it is easier to learn than most people think.
Please ask as many questions as you like; we will help you until
you are comfortable with business numbers and can use yours to increase your
profitability.
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Tax Accountants Australia provides quality Accounting, Bookkeeping, Business Advisory and Tax Return Preparation services to clients. Whether you are looking for a Tax Agent Casula Tax Agent Chipping Norton Tax Agent Denham Court Tax Agent Hammondville Tax Agent Holsworthy Tax Agent Horningsea Park Tax Agent Hoxton Park Tax Agent Prestons Tax Agent Glenfield Tax Agent Liverpool Tax Agent Lurnea Tax Agent Tax Agent Moorebank Tax Agent Wattle Grove Tax Agent Warwick Farm or Tax Agent in other suburbs of South West Sydney, NSW area, call 1300 889 848 to book an appointment...
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