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L WRIGHT CO LLC
ACCOUNTING & FINANCIAL ADVISORY FIRM
WWW.LWRIGHTCOLLC.COM
PRACTICAL FINANCIAL BUSINESS SOLUTIONIndividuals, Start-ups, Small Businesses, Mid-sized Businesses and Financial Structure on all levels.
Key Information on Financial Statement
Financial Statement are important for many reasons, but here are three significant reasons.
They tell the performance and the value of your company
Measure your company
Making business decision
The financial statements help you to know if your company is productivity and profitable with a peace of mind.
Financial Strategy
It is important to have a clear financial strategy that establishes the guiding principles in all financial decisions.
Future cash flow
Example:
Discounting a future cash flow communicates future returns in current dollars.
You might spend $100,000 to start a business and receive $30,000 in profits for five subsequent years.
Intangible assets are:
Goodwill, copyrights, trademarks, patents and computer programs etc.
BUSINESS’S RISK PROFILE
Risk
A Financial Adviser will want to measure your risk profile before investing their funds.
Example:
Most businesses experience a severe drop in Risk Profile after a serious economic downturn, just at the moment when the business needs to be decisive and proactive.
Executive Team
Can have a business risk profile that they can measure and use as a strategic and contextual metric to manage risk-based decisions in the business.
It can help create a benchmark to support decision making when circumstances change.
Time Line Strategy
Example:
Visualize a complex series of events over time
Are you in the position where you thought it through and developed your strategy?
You now want to implement it and make sure it happens.
CHANGE IS NOW
Are you unable to execute strategic plans?
Efficiency
Individual Goal Planning
Budget Planning
Financial Budget Planning
QuickBooks Training
Credit Report – Key Vital Information
Capacity
Financial Goal Setting
Understanding Debit Ratios
Credit vs. Liability (Debt)
Assets & Liability (Income)
30% Credit Utilization
