Inventory Profits, Impairments and Other Silent Killers of Results
Your business made a profit, but where is the money? Stock that costs more to replace, customers who do not pay, equipment losing value and unexpected expenses can all affect your results. A business can look profitable on paper and still struggle to pay its bills. Understanding these hidden costs helps business owners make better decisions, manage their cash and avoid nasty surprises at year-end.
Financial Statement Analysis: What Accountants and Bookkeepers Should Be Looking For
Financial statements show how a business is performing, but accountants and bookkeepers need to look beyond the figures. By checking profit, cash flow, debtors, creditors and expenses, they can identify problems early and help business owners make better decisions. This article explains what to look for when analysing financial statements and how to spot financial risks before they become serious.