Get an overlook of your company's economy

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It is good to get an overview of how much money comes in and goes out of the company every month. It is also good to know how much you can get payed from your company to have money left for tax and future investments.

How do you keep track of your accounting?

Accounting is a tool that helps you determine whether your business is earning or losing money. There are many good programs and apps that can help you with your accounting. You can also turn to an accounting firm for assistance. The more often you do your accounting, the better you can follow how your business is doing.

Different accounts

In your accounts, income and expenses are recorded under different accounts. When you have done your accounting, you can see exactly where you got your money from and what you spent it on.

Results

You will not always get the result that you count on. Is there any cost you think is unnecessarily high? Which products sell best and which customers make the most revenue? The information you get from regular accounting can help you lower your costs and increase your sales. Based on your analysis, you can then plan for future income and costs by making a budget.

Accounting is similar to a map

Your accounting can be resembled to a map. Your analysis of the accounting is like a compass and your budget is the rudder you control your finances with. By regularly doing your accounting, analyzing your income and expenses, and planning the future with your budget, you can get a better look at your company's finances.

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Responsible: Swedish Agency for Economic and Regional Growth

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