Blog & Resources
Understanding the financial reports of your business.
Most people who own a business will have an accountant that will prepare a set of financial reports and income tax return for their business.
Many of these business owners simply want to know how much tax they will need to pay.
This is a vital question but the financial statements also provide a wealth of knowledge which can give you a greater understanding of your businesses performance and provide opportunities to improve it.
From the financial reports, you can extrapolate Ratios and Key Performance Indicators (KPI), that will help you to measure and define your goals.
If you would like to discuss further please contact us:
McNamara & Company - Chartered Accountants, located minutes from the Melbourne CBD
Phone +61 3 9428 1062