Profitability

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Let’s Talk Budgeting

A budget for your business is a crucial part of EzyAccounts’ business advice sector! Did you know that budgeting can actually help you increase your business’s profitability? Here’s why… What is a Budget? A budget is an estimate or prediction of your business’s income for a set period of time (week, month, quarter, etc.), and [...]

Boost Bookkeeping Efficiency & Profitability in 2015

The Christmas and New Year break is the perfect time to relax and recharge. It’s also a great time to review your business’s systems, processes, and procedures so you can hit the ground running in 2015. By streamlining your processes, you can cut down on the time you or your team members spend on [...]

Benchmarking Your Business

One of the biggest challenges in business is knowing how your business is really performing – especially in relation to your competitors. Are you doing well? Are you doing poorly? How do you compare to others in your industry? As a business owner, it’s normal to ask yourself these questions. What you may also [...]

Ratios & Your Business’s Profitability – Explained

Did you know that one way you can improve your business’s profitability is by using profitability ratios and target ratios? Here’s how it works. Profitability Ratios Profitability ratios allow you to analyse your business’s performance by comparing your profit to sales, total assets, or net worth. Commonly used profitability ratios you are probably familiar [...]