Based on end result bookkeeping or financial statement preparation, our staff can help with analyzing your financial statements, financial situation and help with future projections.
When it comes to financial projection and analysis, a company can use this internal process to explain their most recent earnings as well as growth. This data will then be extrapolated upon in order to more accurately anticipate what is going on or what actions need to be taken so that the forecasted result is reached.
Why Perform Financial Analysis and Projections?
Many of the businesses that have successfully evolved from startups to enterprises were able to do so because they put extra effort into financial planning, projection and analysis.
Like the pillars of a building's foundation, financial analysis and projections help align your company with its overall business strategy. These can be thought of as the fundamental underpinnings that support all strategic plans on which you are working.
Additionally, financial modelling is important for both internal and external purposes. Investors and creditors will want to see if you have a track record of past performance as well as future projections.
How Financial Analysis & Projection Help You Grow
Grow your business without going broke or running out of money
Gauge previous results and then make appropriate adjustments
Derive greater decision making from the budgeting and planning processes
Measure your liquidity
Determine how much additional equity or debt you require
Optimize your capital use
Predict trends or assumptions that could impact future performance
At Dana Snedden CPA Professional Corporation, our Accountants offer Small Business Accounting Services, Personal and Corporate Tax Services, Bookkeeping, Payroll, and other Accounting Services to clients in Oshawa, Whitby, Clarington, Courtice, Ajax, Pickering, Bowmanville, Newcastle and most of Southern Ontario.