1980 Willamette Falls Drive, Suite 200 West Linn, OR 970685 4800 Meadows Road, Suite 343 Lake Oswego, OR 97035 (503) 684-4585 Fax: (503) 684-4583 |
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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:
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