James D. Oates, CPA
The Accounting Department for YOUR Business
Cash ManagementTax ReturnsPayroll Accounting
(905) 628-1347       info@jamesdoatescma.ca
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UNDERSTANDING THE FINANCIAL STATEMENTS
Understanding why the financial results were what they were is important to being able to guide the business.  We will work with you to "connect the dots" between the activities you perform and the financial results achieved.  We will sit down with you and explain the statements to you, using non-accounting terminology, as much as possible.

For instance, what was the impact of that large order that was produced last month?  The selling price was lowered, free shipping was given and extended terms were granted. Did the extra volume make up enough profit to compensate for these "give-aways" to get the order.

Your company is successful and is regularly producing a profit, yet there are always cash shortages. Where is the money going?  Perhaps money has been spent on slow moving inventory or is going to pay for equipment leases, or a host of other issues.

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For a free, no obligation consultation as to how our services could benefit your business, contact us at (905) 628-1347 or by e-mail