Monitoring your financial performance
There are a number of ways you can monitor the financial performance of your business using available data.
By using financial ratios you can assess where your business is underperforming, and judge the effects changes in one area will have elsewhere.
Monitoring figures closely will allow you to maximise efficiency and minimise waste, which will help your business in the long run.
This guide will help you understand how to assess the performance of your business by using common financial ratios. It will also help you to monitor profitability, cash flow and non-financial factors such as staff turnover and customer satisfaction.