Is opening your doors costing you?
The goal in every business is to make a profit. If this cannot be done, we at least aim to break-even; but is opening up your doors for trade each morning actually costing you more than it’s worth?
There are many expenses such as depreciation, superannuation and insurance that business owners do not account for in their daily expenditure. By taking these and other costs into account however, your Chartered Accountant can give you an itemised account of the daily cost of running your business.
From this, we can then work with you to determine exactly how much you need to turnover to break-even on a daily basis and also, give you an understanding of how much you are spending each day, regardless of whether you actually make any sales.
Contact your ARW Chartered Accountant to make sure your business is working for you. Together we can work out the situation you are in, why you are in it, and how it could be improved.