One of the areas that have the interest of the business owner is reading the financials so he can see how his business is running.
Is the business making a profit or a loss?
Where the money being spent and what is are the most profitable sales items.
Some businesses are unsure on how to read financials and we can help navigate through the figures and give an insight to what is happening in the business flow.
Often the owner will see a large profit only to ask why there is no money in the bank account.
This is a clear sign that there is money spent on items that are in a balance sheet which is part of the whole financial situation, where drawings of cash from the business are recorded or capital purchases that have many years to depreciate to claim the expense.
There may be loans that have payments and these do not show up in the Profit and Loss.
Let us guide you through these areas so you can make better decisions about how you operate your business with cash flow projections and marketing choices.