Your company is like your child... You need to be not only very patient but also a conscious and carefull businessman. There are things that may help you to play your role. You may for instance use ratio tools such us:

Debtors Days (DD) monitoring of this indicator helps detect possible payment gridlocks.

Liquidity ratios. A safe level of current and quick ratios is between 1.0 and 2.0.

Gross and net profitability (the share of sales income and net income in revenue).

you may also look for the tools such as 24iValue that is not focused on presenting technical aspects, regulations, interpretations, jurisdiction, etc. but places stress on solving the real reporting problems. The support provided to users by 24iValue results from an innovative web application combining a number of financial audit techniques and methods with an expanded systems of tooltips and help. In such system the users may on their own check or make the key accounting calculations.

Sławomir Ekman
24iValue

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