Many people speed through the month busy with the day-to-day demands of running their business. Then at the end of each month, they look back wondering, “What happened? Where’s my money?”
To help answer that question, you may receive a monthly package from your bookkeeper or CPA that includes a:
- Balance sheet
- Income statement
- Cash flow statement
- Aged receivable report
- Aged payable report
But if you don’t know what those numbers are really telling you, you won’t see what’s really happening in your business. What’s more, you won’t know how to steer it away from trouble and towards greater success.
Numbers That Show You What To Do Next
Every month, we personally sit down and review your financial story with you. You’ll clearly see where your money is coming from and where it’s going. And we offer suggestions to move you up to where you want to be.
Because your financial statements are your short story, case study and novel all rolled in to one, we go beyond the typical CPA packet by preparing more meaningful financial packages.
Your monthly packages not only include the standard documents mentioned above, we also add the critical documents listed below. This gives you a complete story showing what’s really happening in your business and where you can shift decisions to create a continuously stronger company.
Your Strategic Monthly Financial Statement Package Also Includes:
Monthly Comparative Balance Sheet
- See a snapshot of your financial position at the end of the month.
- Shows your cash and liabilities situation.
- At-a-glance, see whether you improved or worsened compared to a month ago, or since the end of last year.
- Helps you answer big questions like: Can I purchase new assets? Do I have enough working capital?
Monthly Comparative Profit and Loss Statement
- See a snapshot of how your business is performing.
- Compares P&L of current month to same month last year. And current year-to-date versus prior year-to-date.
- Key to gauging your operations against key performance indicators and industry benchmarks.
Monthly Comparative Cash Flow Statement
- Compares cash flow of current month this year versus same month last year. And current year-to-date versus prior year-to-date.
- Shows how changes in the balance sheet and the income statement during the period affected your cash balance.
- Breaks profit status down by different areas of your business functions. Whether it is the operations, the investments (like your equipment and fixed assets), or how financing of invested capital or long-term debt assisted in the growth of your business.
In business, you don’t have to be a big guy to think strategically like one. You just need the right information and the right team to support you. To see how we provide you with that support, schedule your free consultation today.