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Using Your Accounts to Increase Your Profits

The bottom line for any business is profit, the money you get to call your own after you have paid for everything else. You could have a revenue in the hundreds of thousands, but if your expenditure is also in the same region, your profits will be negligible. It means that your financial planning must be geared towards making a profit rather than just increasing revenue. You may not realize it, but you have a very powerful tool at your disposal that will enable you to increase your profits. Your accounts are full of valuable data just waiting to be harvested, so if you’re not making full use of them now’s the time to have a look at what your figures are telling you.

Making good use of your figures

Keeping accurate records of all the financial aspects of your business is something you must do, so you can make tax returns, operate your payroll and monitor your profits. For many sma
Using Your Accounts to Increase Your Profits

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