Building a financial model is a very good way to start cooperation.
What makes us different from traditional accounting offices?
Building a financial model is a very good way to start cooperation
- It is often an inspirational and educational task for the entrepreneur/owner as it allows (and/or forces) to think about the prospect of “where the organization is to be in 3-5 years”
- First of all, it requires determining the expected level of revenues and profits in a particular period
Financial model:
- profit and loss account
- balance sheet
- cash flow statements
- break downs and additional analyzes
- it is built on a monthly basis and analyzed mainly on an annual basis
- we add historical data to the model
- thanks to the financial model, you can easily build a budget for the next financial year
The structure of the model allows to:
- identify key business indicators
- design the chart of accounts and-
- define controlling dimensions (for example, cost centers, budget categories, etc.)