Financial Reports for Every Type of Business
Our firm can prepare or supervise the preparation of your financial statements. Carlos B. Pargas & Associates, P.A., CPAs will help you manage your business and increase your profitability through our detailed reports. We can even provide compiled, reviewed, or audited statements according to your own individual needs.
The Insight You Need to Succeed
Your daily operating decisions are based on financial reports. Bank loans require reports of your past performance and tax return numbers need proper substantiation. For year-to-date comparisons and to make quick, appropriate management decisions, financial reports must be created monthly. You can compare the sales, gross profit, and net profit from month to month with prior years to get a good grasp of how you will finish out your current financial period.
We'll Help You Every Step of the Way
Understanding your financial statements can increase your business profits. No one was born understanding financial information, but it's much easier to learn than most people think. We'll help you out until you're completely comfortable with every financial aspect of your business in the Miami region. Some of the important terms you should know include:
||- 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 divided by average day's sales will give you the number of days' sales on the books.
||- 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.