Having a thorough understanding of how your business is performing is essential for any savvy business owner. Management accounts, which give useful, real-time information about your company’s trading position, enable you to identify overspends, recognise sales slumps, spot trends and predict possible issues.
This makes it possible for you to quickly make decisions and steer your business in a different, more efficient and profitable, direction. Management accounting differs from financial accounting in that it produces reports for confidential use internally within a business rather than for external stakeholders.
Data in our Management Reports can be measured against forecasts and budgets as well as historical information (ie last year or month sales), so you will know how you perform compared to the set targets or last year results. Management Reports can be broken down so that the performance of different aspects of your business can be measured individually or depending on the specifics of your company. For example to measure results of the employees the report can include number of new customers, number of different products in customer orders, bad debts per sales representative etc.
Management reporting depends on the field the business is operating, business strategy and set targets, therefore it is always prepared according to your requirements so that it will be easy to measure how your business is doing compared to competitors, to analyse results of different departments or employees.
We recognise that businesses have different management accounting needs, which is why we’re so flexible in the type of reports we produce. We give you what you need, and leave out what you don’t.
What reports would you find useful for running your business more effectively? Let us know and we’ll provide them for you.
We focus on helping companies analyze data better and make smarter decisions. Our financial analysis services provide information regarding the profitability, efficiency, liquidity and stability of the company.
Our financial analysis reports are prepared based on your individual needs and can include:
- decisions regarding investing or lending capital
- profitability analysis – for the business as whole or by department (to make decisions of continuing or discontinuing the business or part of the business)
- comparison with competitors, company’s position and weaknesses/opportunities compared to competitors
- Analysis of financial results, trend analysis for future forecasting
- Liquidity and cash flow analysis, suggestions to improve liquidity position.
We also offer Finance Director services. The opportunity to have an experienced finance director on the team is great for your business, but employing one full-time can sometimes be unrealistic in terms of cost. This is where our outsourced finance director service becomes invaluable. Our services are flexible, so that you could have our experienced consultant just for specific one-time project or to participate regularly in your management meetings.
If this sounds of interest to you, call us today, and we’ll be happy to discuss further how this can be of help to you and your business.
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