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Measuring Success: How to Analyze Contractor Financial Statements Through Benchmarking

In any economy, having the right tools in your toolbox can mean the difference between success and struggling to maintain your company’s growth. Benchmarking can be an effective tool in increasing your chance for success in an industry full of economic ups-and-downs by improving your balance sheet.

“Benchmarking means analyzing your financial statements to make sure that the warning signs of difficulties are bubbling to the surface quickly so that you can do something about it,” says Mark McMahon, assurance partner of the San Diego office, in an interview with Smart Business Magazine.

Mark McMahon can be reached at 858-627-1432 or send him an e-mail.

Read the full article: Measuring Success: How to Analyze Contractor Financial Statements Through Benchmarking (pdf). Posted with permission.

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Moss Adams LLP is the 11th largest accounting and consulting firm in the United States, and the largest firm headquartered in the West. Moss Adams has two affiliated companies, staff of more than 1,700 that includes more than 230 partners, and is focused on providing client service to public, private, and not-for-profit enterprises through specialized industry and service practice teams. Moss Adams is a founding member of Praxity, a global alliance of independent accounting firms in the major markets of North America, South America, Europe, and Asia.