Sayub & co. for all

To measure anything, things must first be quantified. So, that a comparison could be done. Without any data there would be no information to extract from. This is exactly what the accounts of a business does, they record all the date related to the business transactions, assets, liabilities, capitals, cash flows and much more. Without proper accounting the owners or the business managers would be never able to compare the performance of the business. This is why recording of data in the accounts is very important, so that, the information could be acquired from the accounts.

Many businesses fail because of the reason that they were unable to measure their performance, not only just small businesses, but there have been cases where large companies have failed due to ignorance of accounting standards while creating financial statements. Such as, Enron, a large us corporation took the fall for this reason, and this resulted in loss for many investors.

Many large companies have internal department for the accounting of the business, but in many small and medium sized one head has to wear many hats to keep the costs low. This is why there are accountancy firms. These firms help small and medium sized businesses in maintaining accounting standards as well as help in preparing financial statements and with day to day accounting. This helps the business managers of small and medium sized business not only with sharing the responsibility but also by providing them necessary information for them to use. With the analysis of the data in accounts, the business managers can plan for the future, they would know how much stock should be kept, what is the peak time of their sales in the year, all this information will help the managers in taking important decisions for the business.

For large corporation, accountancy firms provide consultancy services, to help in decision making. Sayub & co. is an accountancy firm and also consultancy firms, providing specialized consulting services to business that need help to make better decisions. Such as transaction advisory services, tax advisory, feasibility studies, assurance services and much more. For more information contact us today.