Home Up

 

QuickBooks Blog - By Charlie Russell

Calculators

New York Accountant - Macanta

USA Map - State Tax Forms

Other States Tax Info

The Tax Almanac

U.S. Circuit Courts

Verify your employees social security numbers

    Historical Stock Prices              (just enter a symbol and a date)

Social Security Administration

Small Business Administration

U.S. Government

Ultimate Reference Desk

Diane Offutt Website

 

Accounting Services

Call (770) 516-5987

For a free telephone consultation.

Design and implement an accounting system with internal controls, policies and procedures.

Create an accounting manual with written standard operating procedures, as well as flow-charts for ease of training personnel.

We can prepare or oversee the preparation of your financial statements monthly or quarterly.

More importantly, we can help you utilize these financial statements to manage your business and increase your profitability.


Financial records are critical for several reasons:
 

Key Benefits

bulletDaily operating decisions are based on financial reports.
bulletBanks require reports of past performance before they will loan money.
bulletTax return numbers need proper support.

Capabilities

bulletMonthly reports with year-to-date comparisons will help you with your management decisions.
bulletYou will be able to compare your current against a prior years which will give you a better idea on how the current year will finish.
bulletYou can compare your total accounts receivable (your customers)  or payables (your vendors) with prior years to spot such problems as slow paying customers or vendors not offering discounts or you not taking advantage of vendor discounts.
bulletThis information will allow you to take corrective action immediately.

Below is a list of common financial ratios that should be analyzed on a month-to-month and year-to-year comparison.

 Understanding your financial statements can increase your business profits.

Current Ratio - Current Assets divided by Current Liabilities. This ratio will measure your ability to pay your current debts
 
Debt To Equity Ratio - Total Liabilities divided by Owners Equity (Net Worth) will provide you with a year-to-year comparison of your ownership in the company.

Accounts Receivables Outstanding – Accounts Receivables divided by Average Day's Sales will give you the number of days' your sales are on the books.

  
  
  
  
  
  

 

[ Home ] [ Up ]

Send mail to Diane Offutt with questions or comments about this web site.
Copyright © 2003 Accounting Connections, LLC
Web Site Designed by: Diane Offutt  (770) 516-5987
Last Modified:   01/23/2012   12:30 PM  EST
Logo designed by: ModBelle Design, Woodstock, Georgia 30189 (678) 230-6729