We can prepare or supervise the preparation of your financial statements. Compiled, reviewed, or audited 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:
Prepare financial reports monthly. For year-to-date comparisons and to make quick management decisions, financial reports must be done monthly. "As goes the month, so goes the year." You can compare the sales, gross profit, and net profit at, say, the end of May, with prior years and get a good idea of how the current year will finish. You can compare the total accounts receivable or payables with prior years to spot problems and then quickly take corrective action.
Here are some common business ratios you should monitor on a month-by-month and a year-by-year basis:
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.
& Associates, CPAs, P.C.
Certified Public Accountants
Mailing address: P.O. Box 305140
Nashville, TN 37230
Street address: 2451 Atrium Way
Nashville, TN 37214
Fax: (615) 316-5416
Home | About Us | Tax Organizer | Tax Tip of the Week | Financial Tip of the Month
Taxes QuikGuide | Online Advisor Monthly Newsletter | Information Station | Tax Planning Guide
Bookeeping | Financial Planning | Financial Statements
Tax Planning | Tax Preparation | Calculators