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Month End Close: Key Reasons For Financial Statement Analysis

month end close

Would you like to know how healthy your business actually is? It's more important for small business owners to know than ever before.

There is a tested process of uncovering the secrets about your business that has been passed on through generations and generations of accountants....

FINANCIAL STATEMENT ANALYSIS!

There are many benefits that come from a financial statement analysis, but the main one we will be focusing on in this article is revealing the health of your business!

Why is that important?

According to Chron.com, "Financial analysis determines a company's health and stability. The data gives you an intuitive understanding of how the company conducts business." (Griffin, Demand Media). 

Our team here at LUXA has created an informative slideshare to help illustrate the ancient ways of a financial analysis in our own way!

Financial analysis comes handy at month end close when reconciling bank statements. At no other time is this more important for business owners to make sure their books are in order.

 

 

If you are needing any help with your books through good financialy analysis, we have certified outsourced bookkeepers willing to give you advice. Visit us at www.luxa.us for more helpful information or sign up for our blog.

 

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Topics: Accounting Growing Your Business Financial Reporting Accounting procedures Advice