In this assessment your raw income and expense figures will be used to calculate financial ratios, which can then be used to provide a financial assessment of your business.
Bankers use these ratios every day to assess credit worthiness and risk profile. They can also be used to track how your business is performing in wealth creation and how it is performing relative to both general and industry specific benchmarks.
1641 businesses have completed this report. Their average score was:
Effective financial reporting is beneficial to your business both during the financial year for critical management decision-making and also for when you prepare your accounts.
One of the leading causes for SME failures is the lack of working capital and under-capitalisation. This can be for various reasons, including business growth and lack of reasonable profitability sufficient enough to fund growth.
Follow these simple steps to ensure that you don’t get to the end of another financial year and wonder why you aren’t where you wanted to be.
Key Performance Indicators (KPIs) are the measurements a business uses to measure the progress toward its goals.
Business performance and staff morale are entwined, and are dramatically impacted when things are tough for your business.
As a Director of a business you can’t take your responsibilities lightly - because ASIC take it very seriously.
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