Cumbria accountancy firm Lamont Pridmore has unveiled a free guide to aid businesses in understanding their finances.

The award-winning firm is now offering a comprehensive 'Knowing Your Numbers' guide, aimed to equip local business owners with a deeper understanding of their financial status.

This guide is designed to help empower entrepreneurs to make informed decisions for extended business success.

Given the multiple responsibilities that come with managing a business, comprehending the finances can often be an intimidating task.

The firm’s guide is designed to make this challenge more straightforward, divulging expert insights into critical financial factors that every entrepreneur should be cognisant of.

This includes Cash Flow Management - practical strategies for enhancing your cash flow and ensuring the financial stability that is needed for business growth.

Asset Management provides a detailed understanding of balance sheets and what they reveal about business performance.

The guide also covers Profitability Review, with tips on reviewing and improving profitability, and Analysing Your Business Finances - helping in interpreting essential financial metrics, and how to use the insights for informed decision-making and growth.

Graham Lamont, Chief Executive at Lamont Pridmore, explained the value of the new guide.

"This guide is a fantastic opportunity for business owners to refresh their existing financial knowledge and gain a deeper understanding of their operations," said Graham Lamont.

"With so many businesses facing a challenging time, we're committed to helping business leaders achieve financial success by assisting them in understanding their numbers to improve sales, boost gross profit and net profitability, and reduce tax liability."

You can access the 'Knowing Your Numbers' guide for free by downloading it from www.lamontpridmore.co.uk/download-knowing-your-numbers-guide/