Most business owners underestimate the necessity of maintaining orderly records when running a business or planning to sell the company. Recordkeeping may be tedious, but sloppy recordkeeping hinders one’s ability to make decisions and plans. A company’s books of accounts reflect its financial health and potential for growth and increased profitability. “Clean Books” Explained If […]
If the company’s profitability is skewed, ultimately its value will be inaccurate. Accurate financial analysis testifies to the health of a company, particularly in terms of solvency and profitability.
Potential investors, lenders, taxing authorities, and suppliers use the balance sheet and other important documents to gauge a company’s financial condition. Valuation experts assess it as a part of the business valuation process.