As a business owner, do you measure your key metrics to help you understand your numbers to grow your business? It all starts with understanding and defining your critical number. Critical number All businesses have certain numbers that define success. Some figures, like profit, are universal. But what about other numbers? There’s certainly no shortage […]
When you receive your financial statements, do you just glance over the details and head straight to the profit figure because you think this is the best indication of the success of your business? Or perhaps you get too confused and overwhelmed with all the financial details so the profit figure is the only one […]
News, Complex Individuals, Business & Entrepreneurial Support, Walsh Property, Focus Advisory, Walsh Health, Hospitality and Tourism, Women in Business, Making your Numbers Talk
With the new financial year is upon us, now is the time to use our tax planning guide to  reduce the amount of tax you will pay.  Looking at all the options available, you can decide on the appropriate actions to take before 30 June 2022. For 2022, key tax planning priorities are likely to […]
Business & Entrepreneurial Support, Walsh Property, Focus Advisory, Walsh Health, Hospitality and Tourism, Women in Business, Making your Numbers Talk
Cost of Sales (also referred to as cost of goods sold [COGS]) is a very important financial performance metric, as it tracks your ability to manufacture/deliver goods and services at a reasonable cost. As your Cost of Sales represents the direct costs related to the manufacturing of goods/services that are sold to your customers, what […]