How important is to review your business financials? How often?

Generally, companies review their financials monthly that may include month-over-month comparisons, or Year-over-year comparisons. All are important to identify trends, both good and bad, to exploit or correct.

With our clients, we review transactions weekly and advise any questions we have about the activity. If that rental truck did not get returned timely, or some abnormal transaction looks suspicious, we alert our clients to review. This provides the opportunity to evaluate the transaction and it’s vailidity.

Certainly, we provide monthly, quarterly, and year-end financial reports, as well as have meetings with our clients review at any time of the year. The year-end tax preparation meeting brings in the tax preparers to make sure we take advantage of all opportunities for our clients.

Need an accounting firm to prepare and submit your tax returns? We can also provide a referral to an experienced group that files multiple returns for transportation and logistics clients.

So, in order to stay on top of your financial health and well-being, it is important to stay on top of the transactions weekly!