Financial Review

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Business survival requires a detailed examination of all aspects of the business’ operations to ensure that the business will continue to perform throughout the economic downturn.

Steps that you could consider in reviewing your business include:

keep the business’ books up-to-date so that management is able to foresee any cashflow difficulties before they happen;
prepare monthly financial accounts including calculation of key performance indicators and discuss the accounts and KPIs with managers and team members;
brainstorm creative ways to increase revenue and reduce costs; make brainstorming part of your daily routine;
review the accounting and computer systems to ensure that you are able to receive prompt accurate financial and business operational reports.

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Please contact our nearest office if you would like more information on this topic.

Bentleys Chartered Accountants and Business Advisors has offices in:

Australian capital cities Sydney, Melbourne, Brisbane, Adelaide, Perth, Canberra

Regional and suburban Dubbo, Gosford, Ipswich, Maroochydore, Newcastle, Tamworth

This publication is provided to you by Bentleys Australia Pty Ltd (Bentleys) on a complimentary basis. The information provided is a general guide only and Bentleys accepts no responsibility for the accuracy of the information or opinions contained herein. The contents do not constitute business, accounting, taxation or financial advice and should not be relied upon as such.

Bentleys is a national association of independent accounting firms in Australia. The member firms of the Bentleys association are affiliated only and not in partnership.
Bentleys participates in the Praxity AISBL International Alliance of accounting firms.

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