5 Things You Need To Know About Financial Reporting, One of the parameters a good picture of a company not only seen from the turnover and sales only. Good financial reporting, structured and arranged neatly and clearly is an important element in a company. There are so many benefits that can be felt if the financial statements of a company’s well-organized and complete.
1. Investor / owner
Investor or owner with an interest in information relating to risks associated with capital investment. Such information will help make a decision whether to raise capital, reduce or sell its shares. In addition, investors also need to assess the ability of the company paying the dividends / profit sharing.
2. Lenders (Banks / Financial Institutions)
Parties who make loans with an interest in information that shows the company’s ability to pay debt and its interest in a timely manner. Financial statements can help them to determine the amount of ceiling, interest and time period given.
3. Supplier
Party suppliers and providers of other short-term debt with an interest in information that shows the company’s ability to pay its short-term debt. Such information will help the supplier to determine the amount of receivables granted and terms.
4. Customer
Customer requires information relating to the continuity of the company, especially customers who make long-term cooperation. Loyal customers who require long-term relationships and lasting.
5. Government
For the government, they can assess a company’s ability to pay taxes
Now the question (5 Things You Need To Know About Financial Reporting) is how How to prepare and make a good financial statements? One of the things companies can do is to utilize information technology in particular and Accounting software programs are widely available. One of the Financial Accounting Software Programs Best is Zahir Accounting. Zahir developed by the Indonesian company PT Zahir International. Zahir Accounting Software is one of the local software products worldwide and Indonesia that have been used by many companies in different parts of the country.
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