Bookkeeping,Australia,Reports, business, insurance Bookkeeping Australia - Reports to See If Your MicroBusiness

How many times have you asked someone to do something like “draw up a plan for such and such project”? Your employee completes the plan, but then you say, “That is not what I wanted” or “That is not how you do it”. And so the employee Global E-Health market is expected to reach USD 308.0 billion by 2022, according to a new report by Grand View Research Inc. The transition of the healthcare industry into digital healthcare system for management and analysis of patient heal

The Profit & Loss report is the holy grail of reports, it tells you if you are making money or not!  This report shows your Income and Expenses for your micro business.  You can review your different income streams and expense accounts to see your most profitable areas of income and highest cost centers.For example, you may notice an expense that is blowing out of proportion and decide to source a new supplier at a cheaper rate. You can monitor income streams and decide where to allocate your Advertising dollar to support one that has the most potential.A Profit & Loss report always represents a period of time, for example for the period 1st Jan to 31st Jan. You can prepare this report for a month, 3 months or the whole year.The aim of reviewing the Profit & Loss report is firstly to see if your business is making money.  But, once you have access to your profit and loss reports for a few months you can then use the information to plan a budget and calculate your business’ breakeven point.A budget is an estimate of your business income and expenses.  Usually you have a reasonable idea of what your business expenses will be, but estimating your income is a more difficult task.  This is where your initial research before starting your business is invaluable.A Breakeven Report will tell you how much income you need to make to simply cover your business expenses, before you actually make any profit from the Business. The Breakeven report combined with a Budget are valuable Business Planning tools.For more information on managing the bookkeeping and adminstration systems for your MicroBusiness see



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