Financial Statements

Although you may think that your books are a bit “boring” and put them off until you’ve got more time, having a complete and accurate set of financial statements is more important than many people realise.

In addition to meeting your ATO obligations, once your financial records are as they should be, they can also make the job of running your business much easier.

Your financial statements will enable you to more correctly assess your business in terms of its financial position, stability and strengths as well as going a long way to help predict how it will perform in the future. They enable you to recognise any financial hiccups or problems your business is facing. And when it comes to problems in business, the quicker you discover them, the better chance you have of fixing them.

Financial statements will highlight;

  • Profitability
  • Gearing levels
  • Capital investment
  • Your inventory turnover

In other words, your financial statements are your window to your business health.

If you’re looking for more relevant financial statements to help you keep track of your business progress, please give Dom or Grant a call on 9634 6107 or drop us a note.

 

Behrens Rowley – giving you better business advice.

Not all accountants and financial advisors are created equal! If you’d like better business and financial advice starting today, we’d be pleased to help. You can give us a call on 9634 6107. If there’s anything we can do to help you get on with the business of growing your business, please give Dom or Grant a call on 9634 6107.

Book your Business Review session now.

Behrens Rowley – giving you better business advice.

Not all accountants and financial advisors are created equal! If you’d like better business and financial advice starting today, we’d be pleased to help. You can give us a call on 9634 6107. If there’s anything we can do to help you get on with the business of growing your business, please give Dom or Grant a call on 9634 6107.

Book your Business Review session now.