What to know
The numbers that show whether a business is healthy, profitable, and able to pay its tax and debt.
- Revenue
- Gross margin
- Net profit
- Cash flow
- Accounts receivable and accounts payable
- Payroll costs
- Debt levels
- Inventory turnover, where inventory matters
- Tax liabilities, including HST and payroll
Put it into practice
Review them monthly if the business is growing or has employees, and at least quarterly otherwise. The point is to notice a trend while there is still time to act.
A note about this resource
This is general information for business owners in Ontario and the GTA. It is not tax, legal, or accounting advice for your file.