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Do you do as a Financial Manager a Bottom Line at the end of every month to check the business’ earnings? Any advice on that?

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Question added by Siham Amer , Financial Analyst , Noor Al Hikmah Group
Date Posted: 2018/09/23
RAJKUMAR HUDATI
by RAJKUMAR HUDATI , Deputy Manager - Finance , Damodar Valley Corporation

No, monthly financial statements can be prepared to check ebidta along with a close control on budget and variance analysis.

ABDALRAOUF SHUAYB
by ABDALRAOUF SHUAYB , محاسب عام , الشركة العامة للطرق و الجسور فرع الجبل الغربي

No . I am engaged in a service company whose goal is not to make profits

shadab akhtar
by shadab akhtar , Project Administrator / Recruiter , Bilfinger Engineering and Technology

Simply review the project progress report with concern project manager, and tally the invoice with AR & AP.

But in large bussiness you may use many oracle base software to fix this issue with a time frame.

Ashraf E. Mahmoud (PhD)
by Ashraf E. Mahmoud (PhD) , University Lecturer, Freelancer Consultant and Trainer for Int'l Business & Banking TF. , FreeLancer

Thanks for invitation,

I do recommend to use a "Budgeting System" as an excellent tool not only for control, but also to be fully aware of any deviation that are needed to be handled immediately.

Checking bottom line on monthly basis is crucial but not enough. Depending upon the nature of business crucial areas must be analyzed via variance analysis along with possible reasoning. Future impact needs to be evaluated for controlling purpose.

Soliman Abd  ALmalak Gendy
by Soliman Abd ALmalak Gendy , مدير ادارة مراقبة حسابات , الجهاز المركزى للمحاسبات

It ‘d better to prepare financial statements on monthly basis,and do variance analysis

Muhammad Hashim Khan
by Muhammad Hashim Khan , Finance Manager & Company Secretary , DHA Cogen Limited

Prepare Financial Statements on monthly basis and do the monthly financial variance analysis along with the business performance comparison. 

Dasarathi Rath
by Dasarathi Rath , Sr. Accountant , Al Luban Special Investment LLC

I'd like check every month business earning in Bank account or that money if it  is taxable or how to utilize next month to shave tax..best advantage of the cash flow from the operation of business operation..

 

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