You are working as an accountant in a regional accounting firm. One have been approached by the owner of a start-up business. They have chosen Saasu as their accounting system and have employed one to set up their compnay in Saasu and enter the first month's transactions. One will use Saasu to enter a range of transactions and print some reports to assist with the business start-up. All information has been supplied by the business owner for one to inpiut.
- Print and submit the following reports for January. Profit and Loss - summary
- Balance Sheet
- Profit & Loss - detailed
Using the information compiled above prepare a short report that covers the following
1) Advice to the business owner on how their business has performed for the month of January
2) Recommendations to improve the profitability of the business.