Most people are aware of the benefits of a personal health check and will not think it unusual to have one carried out periodically. It does therefore appear strange that the same people do not carry out a health check on their business. In the same way as an individual will benefit from a personal check so a business will also benefit from an early diagnosis of potential problems. In general the later a problem is identified the more drastic, painful and expensive is the solution to the problem.
Small businesses can also benefit from professionally produced bookkeeping spreadsheets that have been specifically arranged not just to produce a list of income and expenses but also in a way that analyze that information in the way the small business requires it. There are two main requirements of the way the financial records are analyzed being to produce a financial profit and loss account for the business on a periodic basis but also to provide the totals of the categories required for taxation purposes. Buying a piece of bookkeeping software written on spreadsheets can thus become an essential tool for the business. The essential element being to both make the accounting simple and easy as listing items, automated analysis and summation assisting the financial control and improved financial performance while also producing the benefits of being analyzed to make the completion of annual tax return forms easier.