Talking Cents

Our small business accountants in Sydney explain the key measures to monitor the health of your business

We understand that getting your head around the complexities of small business accounting can be tough, but our small business accountants in Sydney want to tell you about the key measures to monitor the health of your business.

A business accountant has the ability to provide your business with vital information regarding your small business; here are the key measures to monitor the health of your business:

• Gross margin – In order to grow your business you need to understand your gross margin, being able to have a strong margin results in your businesses health being good
• Profit margin – this is useful in informing you of the current sales you are making and how much profit you will generate. It is essential to know your profit margin so that you can make decisions about your business for the future
• Working Capital – It is the difference between current assets and your current liabilities, which helps determine the health of your business in many ways, mainly if you have the ability to pay off short term assets

Remember that you can always seek expert help from our business accountants in Zetland, for proper reports and business advice.

Feel free to get in contact with our small business accountants in Sydney with any enquiries that you may have.