Give your business a medical
The end of June marked the quarter point for this financial year, making it a good time for a quarterly business check.
Comparing your past three months to the same period in previous years can show if your business has been growing, and most accounting programmes will easily produce year-to-date reports.
When you identify changes and opportunities, look at the challenges you had, and work out your profit for the year, you’ll be better able to make decisions about staffing or stock levels, and have a clearer idea of how much tax to put aside.
There are other things:
- How do you think the next three months will go?
- Do you expect better growth this year?
- Will you need extra staff, equipment or stock?
- Do you have the systems to run your business well?
Of course, we are always happy to give you a hand. If want to know how we can help with business budgeting reporting and forecasting, contact us on (09) 425 7719 or visit our office at 5 Lilburn Street, Warkworth, to talk to our accountants.