Posted on 15 Aug 2024
Please note: this is an old article
It was published in August 2024, so the information may be out-of-date.
Follow these handy tips and guides from Business Victoria to keep a close eye on your business finances.
Many business owners do their own bookkeeping as a way to save money and monitor the financial health of their business firsthand. If you do it properly and regularly, you can keep your finances organised and manage problems as they arise.
When managing your books, the most important financial reports are:
- profit and loss statement (P&L)
- cash flow statement
- balance sheet
For more information on financial management and resources please see here: Financial education and support.
