PLANS AND PRICING
Essentials
Annual accounts, tax, gst, plus all your other compliance needs.
Track Your Business
For the business owner that wants a closer relationship with their financial adviser.
Growth & Strategy
For the business owner that wants to set up a strong management and planning function.
129 Kolmar Road,
Manukau, Auckland
P: 279 3787
F: 279 3789
info@quinnbiz.co.nz
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Management Reports - Who Needs Them?
All businesses need regular financial statements. One of the key attributes of successful SMEs is that they receive regular financial statements throughout the year and not just at the end of the financial year.
You cannot trade for twelve months and then have a set of financial statements prepared and expect to be successful in business.
The periodic financial statements that are prepared should be detailed. Typically they should contain a lot more management information than would be included in the financial statements that are part of your business’ income tax return.
As the business owner/operator, it is essential that YOU understand your financial position at ALL times.
While there are variations with particular businesses, in general these are the key components of financial statements for SMEs:- Departmentalised Statement of Financial Performance with Gross Profit Percentages
- Statement of Financial Position
- Supporting Verification Workpapers
- Statement of Cash Flow
- Debtors’ Aged Analysis
- Stock Analysis
- Work in Progress Analysis
- Creditors’ Aged Analysis
- Capital Expenditure Summary
- Bank Account Analysis
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