{"id":11371,"date":"2022-10-11T10:30:00","date_gmt":"2022-10-11T08:30:00","guid":{"rendered":"https:\/\/www.ics-adminservice.de\/nicht-kategorisiert\/how-accounting-can-help-in-a-tense-cost-situation\/"},"modified":"2026-03-05T15:32:22","modified_gmt":"2026-03-05T14:32:22","slug":"how-accounting-can-help-in-a-tense-cost-situation","status":"publish","type":"post","link":"https:\/\/www.ics-adminservice.de\/en\/finance-accounting\/how-accounting-can-help-in-a-tense-cost-situation\/","title":{"rendered":"How accounting can help in a tense cost situation"},"content":{"rendered":"\n

The current price developments are putting many companies under massive pressure. How will this affect liquidity? A company’s accounting can provide many insights. <\/strong><\/p>\n\n

Corona pandemic, Ukraine war, supply chain problems and rising costs: Many companies can hardly breathe and have to face numerous challenges. Some companies are uncertain about the future: Will the company remain economically stable despite these developments? <\/p>\n\n

How much cash and cash equivalents do you have?<\/h4>\n\n

However, anyone who thinks that a look at the bank account is enough to get an overview is mistaken. For example, the bank balance alone does not provide any information about which receivables are currently outstanding or which liabilities will soon become due. Accounting can provide a lot of information so that a company can better evaluate its own situation. <\/p>\n\n

Business evaluations<\/a><\/h4>\n\n

Especially in small and medium-sized companies, for example, business evaluations (BWA) are prepared. Companies often receive support from their tax advisor. But for the BWA, the data of the current financial accounting is required. Numerous key figures are determined here. But if you want more information, you can go one step further and have a balance sheet analysis carried out. <\/p>\n\n

Analysis of balance sheet and P<\/h4>\n\n

With a so-called balance sheet analysis, companies can put their own figures to the test. There is no need to wait until the annual financial statements are prepared for a balance sheet analysis. This can also be done during the year. Anyone who fulfils their record-keeping obligations in full and promptly, as required by the principles of proper accounting, has the necessary up-to-date data. Ideally, monthly or quarterly reports can be prepared on a regular basis so that management can access up-to-date information. The prerequisite is that the accounting department is modern and professional. <\/p>\n\n

In a balance sheet analysis, not only the balance sheet data is looked at more closely, but also the profit and loss account. For example, companies can analyze: <\/p>\n\n