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Introducing DASH, a tool for simplified financial reporting
One question you should never ask your accountant is “How is my business performing?”
Why?
Because you should already know.
As the business owner and operator, you need to take ultimate responsibility for every aspect of your business, including the finances.
Your accountant can help you plan and interpret the numbers, but you should still develop a thorough understanding of how to independently read the data.
When asked, "Where is your business, financially?" some entrepreneurs say, "Oh, my accountant handles that..”
And that is a real issue. If you want your business to be successful, take the time to know your finances and implement systems to ensure this information is always at hand.
Now there is a tool available to business owners that provides real time financial information about your business that is simple and easy to understand.
It’s called DASH and is available from Discrimen.
Financial ratios provide the business owner with valuable information about how the business is performing. But they can be difficult to understand. DASH changes that. It’s a tool that, not only is easy to understand because information is provided in a visual form that is instantly recognisable (everyone understands the traffic light concept of GO, PAUSE and STOP) but the accompanying explanation is simple and easy to understand.
For example, have you ever wondered what your Gross Profit ratio is, whether it’s good or bad and, if it is not so good, what you can do about it.
Well, click on this link and you will see how DASH does this for you.
If you want to know more about DASH then contact Discrimen now.
Ratio Dials
If the dial is in the Green section of the dial, then your business is performing in line with, or better than the benchmark for your industry, and that’s good. DASH will also tell you what you can do to make a particular ratio even better.
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If the dial is in the Orange or Red sections of the dial, then that is not so good, and DASH will tell you what you can do to improve that ratio.
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The triangular indicator tells you if the ratio is improving ( ), deteriorating ( ) or remains the same ( ).
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Mouse over on the mark in the top right corner of each ratio to obtain a simple and easy to understand explanation of the ratio.
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Click on the button below the ratio dial and you will be taken to:
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· A detailed explanation of the ratio;
· How the ratio has been calculated;
· What you can do to improve the ratio;
· The ratio value, month by month for the last 12-months, and;
· The rolling average for the last 12-months.
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