To succeed in business, one of your most important tools is the financial analysis of your business records.
business people believe that legislative requirements are the only
reason why records should be kept. However, as well as providing solid
information for your financial year statements and income tax returns,
your records provide information vital for operational success.
Accurate financial records will help you answer some very important questions:
Are you making or losing money?
Do you know how much money is in your bank account?
Do you know how much money your customers owe you?
Are your financial statements timely & accurate?
Is your business on sound financial ground or are troubles lurking ahead?