When tackling financial analysis, we work with business owners to evaluate data and performance and deliver actionable insights.
Without a regular financial analysis, it’s easy to feel like you’re in the dark regarding your business finances. For many business owners, managing the financial side can be a significant burden, both in terms of the time it takes to handle this task and the amount of work involved. Every transaction must be recorded accurately, with real-time updates that indicate the current cash flow and outstanding debts. But even a minor mistake can result in costly penalties, which is why bringing in a professional to handle regular financial analysis services is so worthwhile.
TG Accounting PLLC is a trusted accounting and financial services firm serving Sandpoint, Idaho. When tackling financial analysis, we work with business owners to evaluate data and performance and deliver actionable insights. The goal of this process is to determine the financial stability and health of a company, as well as determine its profitability. Often performed in preparation for seeking investments or loans, a financial analysis requires an in-depth look at financial statements that outline the business assets, revenue, equity, liabilities, cash flow, and expenses. Through the analysis of various trends and ratios, an expert can provide a detailed view of the company’s financial health.
When you need assistance analyzing your business finances, you can count on us. We bring years of experience in and extensive knowledge of the financial world. Our insights can help you make smarter decisions and take on new opportunities with confidence. Contact us with questions or to discuss your needs with a member of our team.
Contact TG Accounting PLLC Today!
FAQs About Financial Analysis
If you want to understand your business’ finances, you need an expert who can gather and interpret your business’ financial information and make recommendations based on it. We provide the financial analysis you require using our extensive knowledge and experience, as well as special software and other tools. Check out our frequently asked questions about financial analysis below.
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Why does financial analysis matter?
Financial analysis keeps you up to speed with your business’ finances and ensures you don’t have to make guesses about how well your business is doing. However, it does allow you to make educated assumptions about what to expect from your business’ finances in the future if you continue on the same path. The information provided through financial analysis allows you to make informed decisions about your business and its finances in the future.
Is financial analysis different from financial reporting?
Financial analysis and financial reporting are similar processes for different purposes. Both involve reviewing a business’ financial information, but financial reporting is mostly concerned with providing financial statements to shareholders, government entities, and lenders. Financial analysis, on the other hand, is meant for reviewing and analyzing a business’ financial information to help with decision-making and improving the business.
How regularly is financial analysis done?
It’s different for every business. Financial statements may be issued quarterly and annually, and some businesses may have monthly statements for internal financial analysis.
Why should I choose your firm for financial analysis?
We are highly qualified and experienced accountants who are dedicated to your needs no matter your business’ type or size.
Contact TG Accounting PLLC Today!
At TG Accounting PLLC, we offer financial analysis services for clients in Sandpoint, Coeur d’Alene, Meridian, Nampa, and Boise, Idaho, as well as Cheyenne, Wyoming; Reno, Nevada; Sioux Falls, South Dakota; Billings, Montana; and Provo and Salt Lake City, Utah.