Know your numbers – Measuring your margins
Gains can always be made at the margins. These small incremental gains over a month or a year can have a significant impact on your bottom line.
READ MOREKnow your numbers - Your Balance Sheet
Knowing your numbers is vital to business success. The Balance Sheet is arguably the most important report, as it measures whether your business's worth is increasing or decreasing.
READ MOREKnow your numbers - Your Profit and Loss Report
Your Profit and Loss Report measures the overall efficiency of your entire business.
READ MOREKnow your numbers - Your Trading Account
Your financial reports depict the general health of your business and having a good understanding of these reports enables you to pinpoint areas that require a more detailed diagnosis.
READ MOREUnderstanding Your Balance Sheet
To understand the financial position of a business at a specific point of time, look at the balance sheet. The balance sheet may also be called the statement of financial position.
READ MOREUnderstanding Your Balance Sheet Reports
Understanding your finances is a vital part of running your business. But getting down into the nitty gritty of the company accounts isn’t every entrepreneur’s top skill.
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