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Financial Management

understanding your financials cover page

Your Financial Statements are key indicators of how well your organisation is doing. These serve as your report cards which you can use in strategising and making important business decisions.

Your Balance Sheet holds the information relating to the complete picture of all the resources your business owns, financial obligations you need to pay, and your net assets. It’s essentially a quick view of your overall finances. This is an important tool that allows interested parties to gain clear insights as to the current financial standing of your business.

Another report of equal importance is the Profit or Loss. This statement captures your ability or inability to gain profit in a specified period of time. It’s the first thing every owner wants to look at since it immediately shows whether the business operations are successful or not. An analysis can be drawn from it regarding how much sales you need to generate to achieve a certain level of profit.

Apart from Balance Sheet and Profit or Loss, keeping track of business cashflow ins and outs helps you predict and identify how much money will be available to your business in the future. It encourages you to be mindful of your expenditure and how much is owed to you by your customers.

We present information to you as concise, straightforward, and understandable as possible. Financial Reports, Statement of Cash Flow and Budgets are the tools to assist in planning for the future. By supporting you with financial management, you can feel confident that your finances are being taken care of and we can help your business grow.