Year-end figures and financial reports
Your year-end figures need to be drawn up at the conclusion of each year, as you know. Even though this is an obligation for you (e.g. from your banker due to a loan or credit facility and the tax office), this is especially important for you. With this report you gain insight into your firm’s overall financial situation and results. This is your basis to form sound financial conclusions and your tool for course corrections in your business, as necessary.
For some planning and control purposes, you may also require more frequent financial reports – by the month, quarter, or semi annually. This is also possible, of course.