Are You Making Time To Review Your Financial Reports Each Month?

For many business owners, this important task gets pushed aside—either because you’re too busy or because the reports don’t seem to make sense. But regular review of your numbers is essential to truly understanding your business and making confident decisions.

At a minimum, you should be reviewing:

• Profit & Loss (Income Statement): Shows how your business is performing over time—revenue minus expenses.

• Balance Sheet (Statement of Financial Position): Outlines your Assets, Liabilities and Equity.

• Aged Receivables Report: Tells you who owes your business money and how overdue those amounts are.

• Aged Payables Report: Shows who you owe money to and when those payments are due.

6 reasons to review these reports every month:

• Gain a clear understanding of how your business is performing.

• Provide accurate, up-to-date information for lending and finance applications.

• Get paid faster and reduce bad debts by staying on top of overdue accounts.

• Strengthen supplier relationships by paying bills on time.

• Improve cashflow management and plan for upcoming needs.

• Make better business decisions with accurate, timely financial insights.

Your financial reports tell the story of your business. The more you understand that story, the better equipped you are to grow, manage cashflow, and improve profitability.

At Figuration, we help business owners cut through the confusion, understand their reports, and use the numbers to make smarter decisions.

If you want clarity and confidence in your financial reports, get in touch—we’ll show you how to make your numbers work for you.