BWA training part 2: Understanding and using the intra-year BWA

You understand the "short-term income statement" as a profit and loss statement (P&L) for the year.

It is important to know that the income statement does not give me an overview of my debts and assets. I can't see whether I'm in debt or not. That's why I need to know which additional evaluations I need to obtain this information so that I don't have a rude awakening later on.

You know the benefits of monthly evaluations such as the statement of values for the short-term income statement, account printouts, previous year comparison, statement of values for previous year comparison, annual overview and totals and balances list.

You will be able to differentiate and evaluate the "short-term income statement" down to individual postings.

This provides you with complete transparency. This gives you the opportunity to identify potential cost savings. You can find out how costs or revenues have developed. You can check when and how invoices have been paid without having to go through all the receipts. You can personally select the ideal documents you need from your tax advisor to manage your company.

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