It’s one thing getting your accounts prepared by an accountant or bookkeeper and another thing understanding the figures put together. Businesses that are well run, stable and successful also tend to keep a close watch on the financials and this doesn’t just mean how much money is coming in, although that’s always welcome if healthy.
Aside from a basic profit and loss summary, company accounts can provide many other measures of success, efficiency and/or inefficiency or warning signs of trouble ahead. Therefore, understanding your company accounts is so important.
Our approach is to offer advice and training to all our clients in understanding financial concepts and reports and the software now generally used to record information.