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Our small business accountants in Melbourne explain financial ratios

When you start to formulate all your financial statements for the year it is important to keep in mind that your financial ratios are a reflection of the accounting principles that we need to adhere by. Our small business accountants in Melbourne will explain financial rations for you.

Financial ratios are generally used for cultivating a proper financial statement for your business. These statements generally consist of:

• Balance Sheet
• Income Statement
• Cash Flow Statement

There is a large range of ratios for accountants to use in order for them to get the proper information needed. It is also important for you to note that an impressive financial ratio in one industry might be irrelevant to another industry.

Contact our small business accountants in Melbourne today and get your financial statements on track with the right financial ratios.