Monthly Figures and Analyses

A business cannot succeed without financial viability. That may sound obvious. Yet your accounts are usually made up at the end of your financial year. This takes time. For a limited company, you have up to nine months to pay any corporation tax liability. Therefore, almost two years could go by before any analysis is made. By then, the company could be bankrupt.

Wouldn’t it be nice to get some warning? That’s what monthly figures provide. They allow you to see how your business is progressing without the need to wait for the end of the year, or longer!

Monthly figures also allow you to compare this year’s activity with the same period last year so that you can spot any trends, whether good or bad.