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  • BAE

Based on your analysis, provide the owner with 5 recommendations to improve profitability

Assessment 1 2016 60 Cloud On-line Accounting You are working as an accountant in a regional accounting firm. You have been approached by the owner of “Sweeties”, a start-up wholesaler. They have chosen Saasu as their accounting system and have employed you to set up their company in Saasu and enter the first month’s transactions. You 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 you to input as follows. Assessment requirements Using the information in the attached files compile a short business report (600-750 words) that covers the following: • Advice to the business owner on how their business has performed for the month with particular focus on the profitability of the business. Include relevant ratios in your analysis. • Based on your analysis, provide the owner with 5 recommendations to improve profitability. • What additional reports could be run at the end of month to assist business decision making? Provide details of how the identified reports could assist the business.

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