Do you understand what your
financials are telling you?
A financial analysis utilises information about the past performance of a company to predict how it will perform in the present and the future. This analysis is vital, as it provides a thorough assessment of the stability, viability and profitably of a business.
It is important to recognise that small business owners who are knowledgeable about their business finances also tend to have companies with greater profits and revenues, as well as more employees and generally better success.
Financial Analysis Services Perth – let Accurate Accounts help!
Financial Analysis Services Perth
What are the benefits?
Decisions become clearer
By allowing a financial analyst to compare your company over a period of time, tough business decisions become much easier as you gain a greater understanding of your costs and profitability.
Reduce your costs
An evaluation of your processes – including sales, expenses, inventory, capital expenditures and cash handling – can highlight simple operational changes that can be made to reduce costs.
Compare your business to your competitors
A financial analysis allows you to determine how your business compares to your competition. Benchmarking also enables you to analyse your business against industry trends and performance gaps.
A financial analysis can also create efficiencies – determine your true costs to understand where you are losing and making money.
Become more informed
A financial analysis will highlight important information in a simple way, so you’re able to make more informed decisions when it comes to investing and lending capital, as well as purchasing materials and leasing or renting equipment.
Guarantee continued growth
Business objectives and goals are often set based on financial terms, so understanding this often complex language enables business leaders to read and utilise financial data to guarantee the continued growth of their company.
Can I create my own financial analysis?
Understanding how accounts connect to one another is a fundamental part of financial analysis, as is being able to use your business’s numerical data to uncover activity patterns. Only a handful of experts have these skills, which is why it may not be possible for you to conduct your own financial analysis without professional assistance.
As with many small business owners, you simply may not have the time to conduct such an in-depth analysis yourself. If this is the case, at Accurate Accounts, we will be able to conduct the financial analysis on your behalf, providing you with the knowledge that will drive your business towards greater profits and revenues.
Accurate Accounts are Experts for Financial Analysis Services Perth
How can our financial analysis service help you?
We will take the financial results of three annual periods and compare them for you. To do this, we will need your trial balance for each financial year. Once we have this, our experts will be able to uncover numerical patterns that are not apparent on the surface. Performed regularly, a financial analysis can help your small business recognise trends and adapt to those that are impacting your operations. Ultimately, our financial analysis service will provide you with a measure of your company’s success from an outside perspective.