Staying in touch with your business numbers provides the insight you need to make better decisions for your business.
When reviewed regularly, a business’s financial reports can reveal opportunities to increase revenues, decrease costs and increase profitability. Increased profitability provides more opportunities for growth or perhaps to bring you closer to the day the day you choose to retire. Simply put, more opportunity means more choices to shape your future.
Keeping good records is essential for people in small business as the reports produced from your financial data helps you to manage your cash flow and make sound business decisions. As licensees of the Pure Bookkeeping System, the bookkeeping at Figure Flow ensures that your financial data is impeccable, thus ensuring an accurate flow of figures into your financial reporting.
All accounting systems are designed to enable the production of three types of financial reports. These reports are used together to present a complete picture of a business’s finances. They are: