Did you know that having a good accounting programme reduces the risk of issues like tax problems or legal penalties? This is part of the approach adopted by our team of accounting consultants?
We have seen that some companies don’t consider the added value of accounting services, seeing it merely as an administrative obligation which doesn’t bring any immediate benefits to the business. However, good accounting can be an important precautionary measure which, in turn, helps the business to grow.
- Working capital
- Operating cash flow ratio and current ratio
- Debt to equity ratio
- Average collection period
- Average payment period
- Return on investment
- Return on equity
- Review of customer and supplier balances
- Final closure of each accounting period
- Deposit of accounting books in the Company Register each April
These are the basic parts of business accounting, which aims to keep a record of cash flow, which is made up of revenue, expenditure and capital. This is key information for understanding a business’s operating conditions and making timely decisions, whether to correct or improve processes in line with business objectives.