Most small businesses look at the Profit and Loss Statement regularly, but many don’t understand the importance of the balance sheet.
The new financial year is a great checkpoint to review your business health and ask some simple, but important questions. Are you winning? Are you making money? Should you carry on, change tack or close up shop?
Reports vary on how many Kiwi agribusinesses have a budget, but the common thread among the various surveys and reports is “not enough”.
As the CEO’s right-hand person, an accountant is considered a trusted advisor to any business. Be sure to succeed in the role by communicating these things.