Take your business to the next level
Our productivity services are all about giving you the right tools and information to grow your business. We’ll make sure you’re on the right track from the start, with a focus on helping you reach your goals. Accurate and timely financial statements guide the savvy business owner through the path of increasing profits and cashflows.
Prepare for the future by increasing your productivity
Budgeting and forecasting tools can be confusing if you’re not regularly using them. Damas Tax Advisors love to handle this stuff! We understand how important it is to have a good budget for your business. It helps you assess performance, prepare for the future and make key changes in your business. We can create a budget, forecast and plan that keeps you and your team on track. Budget reports together with financial statements are invaluable tools for the manager to make adjustments and improve business conditions.
Cashflows and financial statements
Damas Tax Advisors will also help you manage your cashflow. We know it’s a problem for many businesses and we have the expertise to help out. With our detailed cashflow plans you’ll be able to see how cash flows in and out of your business and understand which areas need improvement. Talk to Damas Tax Advisors and get out of that cashflow squeeze today.
Understand business performance with the right financials
How can you make smart business decisions without the right information? If you don’t understand what’s happened in your business already and which direction you’re heading in, you won’t be able to grow. We’ll prepare a detailed financial performance reports with graphs, charts and visual indicators of how your business is running. This financial statement shows you your strengths and weaknesses and where to improve. The goal of real-time financials is to increase productivity. But we don’t just leave it at that. We’re actually here to help. Our team will give you advice that helps you grasp the “low hanging fruit” opportunities in your business.
Plan ahead
We speak to many business owners who are working long hours, trying to juggle business and family life. It gets overwhelming and doesn’t leave much time at the end of the day. We get it, we’re business owners too. When business owners get busy, there are a few things that tend to get dropped and strategic planning is one of them. It’s hard to make the time to prepare for the future when the present is so busy. But an important part of running a business is working on the business. We make this process really simple. We’ll work with you to create a plan that’s specific to you, your business and your goals. Then we’ll give you the guidance and support to put it into action. We’ll sit down with you regularly to check how you’re going and make changes as needed.
Check your progress
You’ll get so much more than just a set of reconciled accounts from us. Damas Tax Advisors actually want you to improve your productivity and profitability. We’ll prepare a report package that contains your profit and loss statements, balance sheet and cashflow analysis reports. We also prepare detailed visual graphs and charts to show you how you’ve performed in the last period. You can monitor your business’ performance with our monthly management reporting service which are all based on your KPIs and goals. Talk to our team to find out more about our advanced business reporting and forecasting tools. Get ready to improve your productivity with professional financials reports.
Accurate and timely financial reports
Reach out to us today for a chat.
Financials increase productivity with the right tools
Cloud ERP Accounting systems produce real-time results with useful financial data and statements. Some of the many useful features included in cloud ERP software packages are:
Dashboard
Get an instant snapshot of business performance to enable you to focus on what really matters. Dashboards provide a wide selection of displays and charts, easy drag-and-drop dashboard creation and the ability to gain a comprehensive view of performance with financial and non-financial KPI reporting.
Reporting
A powerful management reporting tool is designed to help customers or businesses make informed decisions to achieve better business outcomes. Reporting saves you time and effort, allows for complete flexibility, has extensive customization options and the ability to share insights. Productivity increases when on-time financials are used for analysis.
Forecasting
Effective budgeting and cashflow forecasting can mean the difference between business success and failure. Budget creators, forecasting and scenario builders allow you to plan for the future.
Consolidation
Multi stores corporations, franchisees, not for profits and subsidiaries gain the tools to consolidate multiple businesses numbers. Aggregate, rank and benchmark in easy to export reports. ERP tools take the pain out of creating multi-entity reports where comparisons are key.
For a free consultation, call us today.
GLOSSARY
Unlock the Secrets of Your Financial Reports: Your Free Guide to Financial Lingo!
Ever felt lost in a sea of numbers and jargon when looking at your financial reports? Say goodbye to confusion and hello to clarity with our comprehensive list of financial terms.
This isn’t just another boring glossary – it’s your key to decoding the financial story of your business. Boost your financial literacy, make smarter business decisions, and impress at your next meeting. Your journey to financial fluency starts here!
a
Above-the-line deduction
Accelerated depreciation
Accounting method
Accounting period
Accounting software
Accounts payable
Accounts receivable
Accounts receivable turnover
Accrual accounting
Adjusted basis
Adjusted gross income
Adjustments to income
Allowable Cost
Alternative minimum tax (AMT)
Amended return
Amortization
Amortizing loan
Annual percentage yield (APY)
Appreciation
Assessment
Asset allocation
Asset case
Assets
Audit
Average tax rate
c
Capital
Capital gains
Capital loss
Cash accounting
Cash flow statement
Cash method
Chart of accounts
Cost of goods sold (COGS)
Current year tax
d
Debt consolidation
Debt-to-income ratio
Deduction
Dependent
Depreciation
Direct tax
Dividend
Dividend imputation
Due diligence
e
E-commerce
E-file
EBITDA
Emergency fund
Employee savings plan
Equity
Estate
Estate tax
Estimated tax payments
Excise tax
Exclusion tax
l
Ledger
Ledger Balance
Leverage
Liability
Line of Credit
Liquid Assets
Liquidity
Living Trust
Load
Loan calculator
r
Rebate
Recession
Refinance
Return on Assets (ROA)
Return on Equity (ROE)
Return on Investment (ROI)
Revenue
Risk
Roth IRA
Roth IRA