Use your financial reports to increase your profit!

We can provide bookkeeping services and prepare or supervise the preparation of your financial statements. Compiled statements can be provided according to your needs. More importantly, we can help you use these statements, as well as other reports, to better manage your business and increase your profitability.

Prepare financial reports monthly. For year-to-date comparisons and to make quick management decisions, financial reports must be done monthly. "As goes the month, so goes the year." You can compare the sales, gross profit, and net profit at, say, the end of May, with prior years and get a good idea of how the current year will finish. You can compare the total accounts receivable or payables with prior years to spot problems and then quickly take corrective action.

Good financial records are necessary for several reasons:

	Daily operating decisions are based on financial reports.
	Bank loans require reports of past performance.
	Tax return numbers need proper substantiation.

Here are some common business ratios you should monitor on a month-by-month and a year-by-year basis:

	Current ratio — Current assets divided by current liabilities will measure your ability to pay your current debts.
	Debt to equity ratio — Total liabilities divided by net worth will provide you with a year-to-year comparison of your ownership in the company.
	Receivables outstanding — Receivables divided by average day's sales will give you the number of days' sales on the books.
	Profit margin — Gross profit divided by net sales will allow you to compare your business operations to other companies in your industry, as well as monitor your own operations over time.

You can learn more about directing your net profit!

If you would like to learn more about using financial statements to make sound business decisions, we would be happy to assist you. No one was born understanding financial information, but it is easier to learn than most people think.

Please ask as many questions as you like; we will help you until you are comfortable with business numbers and can use yours to increase your profitability.

Bookkeeping Services

Leave your bookkeeping worries with us. We can provide professional and timely bookkeeping services to meet your unique needs.

Our bookkeeping services include:

	Maintaining journals and general ledger.
	Preparing bank reconciliations.
	Preparing quarterly and annual payroll tax reports.
	Preparing all required business tax reports and filing.
	Preparing customized reports for management.

We are affordable. Please contact us for a free estimate of cost savings for your business.

Nilanjana (Nila) Rakhit
Certified Public Accountant
5 Shuman Circle • Newton, MA 02420
(617) 332-1553 • Fax: (617) 332-0027
E-mail: nila@deciphra.com

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