Consulting
Accounting and Tributary Consulting
The delay in bookkeeping is common, especially in small and medium-sized companies, and many business people consider this to be just bureaucracy to meet tax standards, not giving them the proper attention.
So, how do they expect to be successful without interpreting or using the financial statements, which should represent the real economic and financial situation of their company?
Without updated and transparent financial statements, how can you be successful in tenders and requesting financing and investment? Keeping costs and expenses with poor management, lack of internal controls and a complete confusion between the personal finances of partners and of the company, bring about the highest level of insolvency among small and medium-sized companies and, consequently, not knowing where you make or lose money and, without proper controls over the sales team, causes your business to collapse.
So, how do they expect to be successful without interpreting or using the financial statements, which should represent the real economic and financial situation of their company?
Without updated and transparent financial statements, how can you be successful in tenders and requesting financing and investment? Keeping costs and expenses with poor management, lack of internal controls and a complete confusion between the personal finances of partners and of the company, bring about the highest level of insolvency among small and medium-sized companies and, consequently, not knowing where you make or lose money and, without proper controls over the sales team, causes your business to collapse.
Having updated reports makes it possible to develop:
- Company’s debt management (financial liabilities and contingent);
- Cash flow management (accounts payable, receivable, inventory and availability);
- Strategic financial management (cash projections, economic result, short and long term financial funding options);
- Tax planning management so to minimize its impacts over the total costs.
