Financial Organization & Asset Review (FOAR)


Financial Organization & Asset Review

Managing your business finances and assets is key to an optimal financial performance. Unknown asset depreciation and taxes could lead to serious issues. Unorganised financial statements can lead to fraudulent behaviour or large expenses. These issues are completely avoidable with proper Financial Organization and Asset Review (FOAR) strategies. With the use of FOAR, you can get the most from your assets and stay completely on top of your businesses finances. Utilise professional wealth management services to help with all your FOAR needs.

At Puhl Employee Benefits we have the skills and products to help make your finances and assets work for you. We can help with retirement planning, wealth management and asset review. Call or email Puhl Employee Benefits today for more information.

Financial Wealth Management

A key aspect of FOAR is utilising your financial situation to ensure you get the most from your money, your business and your hard work. Wealth management can be ideal for large purchase planning and or for retirement. With a sound financial plan, based around your needs, you are much more likely to see your desired financial success. Contact Puhl Employee Benefits today to learn more about how we can help with your specific wealth management needs, through a personalised and effective approach.

Types Of Financial Statements

There are a number of specific financial statements that an organisation uses to stay on top of their accounting needs and financial situation. Some of the key financial statements are:

  • Budget – This statement is a written plan that forecasts desired revenue and expenses over a given period of time.
  • Income Statement – This stamen showcase’s home much revenue was earned and how much expenses were incurred over a given period of time.
  • Project or Event Report – This financial statement is utilised for documenting the financial success of a specific organisational project.
  • Balance Sheet – This statement is a summary of your financial situation and is broken down into 3 key parts, assets, liabilities and equity. Your assets should equal your liability added to your equity for the statement to properly balance.

Understanding the purpose of these statements and how to properly utilise them for your financial needs can be quite difficult. Contact Puhl Employee Benefits with for wealth management services that work to help your financial statements stay organised and on track to meet your financial planning goals.

What Are Your Assets?

A simple definition of assets is, possessions that hold value. In financial terms, assets are owned possessions that can be exchanged in business. Human capital can be considered an asset. It is important to consider some assets carry liabilities through taxes and depreciation. Understanding the different forms of assets and defining each aspect of your assets are a key parts of your financial organisation and asset review needs.

Asset Valuation Review

Asset Valuation Review refers to the valuation and classification if a businesses assets. An asset valuation review can be effective for assessing the liquidity of a business, for defining the sales value of a business as well as for defining the minimum price acceptable for a businesses absorption in if a business should fail. Asset reviews are not always negative and can be effective risk management techniques in creating and implementing proper FOAR strategies. For professional asset valuation review services, contact Puhl Employee Benefits.