MYM Accounting and Business Consultancy

As a business owner with a keen interest in growing your firm, it is important to set goals and milestones and measure the outcome of your efforts against them. Financial metrics and key performance indicators help you with just that. As your local accountant in Northern Beaches and greater Sydney, MYM accounting & business consultancy can tell you that there are many different metrics and indicators that you need to follow to see where your company stands. This helps not only with measuring growth but also helps in setting further goals and developing business plans. It is important to understand these metrics to know which ones to apply to your current accounting system. Cash Flow   One critical part of your business is cash flow. Whether established or in their initial stages, all businesses need cash to operate their day-to-day activities. Therefore, you need to understand the amount of cash that your business generates and how much you should allocate for expenses, inve...