Revenue and Expense Accounts
Analyzing the variances, ratios, and percentages give you a tool to improve the bottom line and helps you keep more of your hard-earned dollars. This is also an invaluable tool that can be used in your budgeting process.
This business tool can be used to determine your level of profitability. It can help evaluate the performance of your business and determine the number of units you need to sell to cover costs and make a profit.
This tool evaluates a business’s financial information over a period of time, which can be measured in months, quarters, or years. The goal is to analyze the amount of change and percent change from one period to the next. This analysis can be useful in determining the future spending of your business.
This is used to evaluate a number of issues within a business such as liquidity, the efficiency of operations, and profitability. Ratio analysis can help you gain a deeper insight into your business.