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Productivity / Professional development

Emergency management & recovery | Reassess your financial position

Reassessing your financial position will help you decide how much cash you need to recover in the short-term. It will also help you make decisions about what you can recover and whether your business is in a good enough financial position to continue.

Emergency management & recovery | Reassess your financial position

Reassessing your financial position will help you decide how much cash you need to recover in the short-term. It will also help you make decisions about what you can recover and whether your business is in a good enough financial position to continue.

It’s likely you’ll need your business’ financial paperwork in order to reassess. If you lose your key financial documents in an emergency situation, consider talking to your bank or building society, accountant, the Australian Taxation Office, and any other organisation you have provided financial details to in the past. They may be able to provide you with copies of your critical documents.

Your updated financial position will also be useful if you’re dealing with your insurance company, bank or building society, government agencies, investors and shareholders.

What to do…

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