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02 Mar 2020

What Do Your Financial Statements Tell You?

An analysis of your financial statements provides a solid base on which to plan your operations. You now have all of the information you need, which means that you won't have to make decisions based on gut feelings.

It is advisable to define indicators and key figures for yourself that you wish to monitor. You should monitor the figures on both an annual and monthly basis. The indicators can include monitoring sales, growth, quality, and costs. Monitoring profitability, liquidity, and solvency is of course important as well.

The key figures of financial statements enable comparisons between different years, businesses of different sizes, and partially even different sectors. Through the figures, you can also consider your company's position in the market.


VACATION TIME IS APPROACHING

The summer is almost here, and with it comes summer vacation. Have you already prepared for the vacation season and made all the necessary arrangements? Did you remember to consider the impact of summer vacation on your company’s coffers?

1. Remember to send your sales invoices in good time before the vacation season. This will ensure that your invoices are paid on time and your finances remain in order.

2. Also remember to take care of your purchase invoices in a timely manner.

3. Remember to assign responsibilities and duties. Note that con artists often try to utilize the vacation seasons by sending fraudulent invoices.

4. Inform your customers in good time of your vacation period. Also notify them of any changes during your vacation.

 

Book a free appointment with us so and we can analyze your financial statements together.
Book an appointment: keuke (at) keuke.fi, telephone 050 341 3210.

 
 
 

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Do not hesitate to contact us and book a free appointment! You can also contact us using the contact form below.

 






 
 

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Keski-Uudenmaan Kehittämiskeskus Oy

Business Development Centre Ltd. Helsinki Region North
Puuvalonaukio 2D, 2. krs, 04200 Kerava

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