Financial checkup.

Follow these steps to determine where you stand in your business.

?1. Keep your bookkeeping up to date.

?Begin here. If you haven't already, organize your income and expenses. You won't be able to complete steps 2-5 unless you have up-to-date books!

?2. Examine your financial statements.

?Examine your year-to-date profit and loss statement by month. Look for trends, overspending, areas for improvement, and so on.

?3. Assess your progress toward your objectives.

Consider the goals you set for your company at the start of the year. How far have you gotten so far? Are you on track to meet them?

?4. Assess tax benefits and liabilities.

?Have you been putting money aside for taxes or making quarterly estimated payments? Don't wait until the end of the year!

?5. Adjust your budget.

?Examine your spending and make necessary budget adjustments. Are there any areas where you believe you have overspent? Or perhaps you intend to make a large purchase in the near future. Are you able to afford it?

visit our website for more insights- https://birdconsult.co.ke/insights/