Monthly financial reports

Monthly, you should be able to produce for yourself the following information.

It’s very important to stay in touch with the way your profits and cashflow are going, to allow to you take action if things are going wrong. Most directors of failed companies blame “lack of up to date accurate financial information” for their inability to save their company. In other words, they didn’t even know they were about to hit the rocks.

To prevent this happening to you, you need the at least the following information on a regular basis…

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