Taking Stock: The Importance of Periodic Reviews


Regularly reviewing a company’s financial statements (not just at tax time!) is crucial for financial health.

This periodic review process involves analyzing financial statements like the income statement, balance sheet, and cash flow statement to assess the company’s profitability, liquidity, and solvency.

By conducting these reviews, businesses can identify strengths, weaknesses, opportunities, and threats, informing strategic adjustments and sound decision-making.