Bookkeeping basics for your business - Article 3

By S Vijay Bharath Reddy

This is the last article in the series of article's about bookkeeping.

Creating Financial Statements:

Financial Statements:

1. Enable you to asses the short term working capital.
2. Set Targets
3. Analysis of improving the profit margins
4. Efficient Organization of sales and expenses
5. Better tax planning
6. Planning for employ benefits
7. Manage proactively
8. Helps in borrowing money from financial institutions
9. Financial planning for investors &
10. Making the business more profitable.

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