Why are financial reports important? Generally speaking we use financial reports to examine the position of the business, it’s performance which is really asking how you and your staff are performing and of course the all important cash flow situation. The problem is that standard reports are often fairly useless to business owners if they don’t have accounting training as they tend to have a lot of jargon and can be confusing.
We make financial reports useful by:
- Customising how they appear to be more user friendly
- Looking at percentage analysis and trends graphically so the information is usable
- Using add on tools like Float which allow you to track cash flow in real time
- Helping clients run ‘what if’ analysis through the reports and budgeted reports to see how changes to be business will reflect longer term
This is all part of our advisory services where we work with you to not just have your bookkeeping accurate but also understandable and usable.