Would you drive a car blindfolded? Or would you drive somewhere without a map? Surprisingly, many businesses operate like this.
Most small business owners do not have budgets, forecasts, targets, or key performance indicators (KPI’s) to analyse their business to ensure the business is heading in the right direction. These financial aspects of a business are the most important part of the growing and keeping the business at the top. With these reports and budgets, you will be able to assess and compare your performance from the previous year and the industry.
Our team will help you understand your business’s Strengths, Weaknesses, Opportunities and Weaknesses (SWOT analysis) through the preparation of financial reports, budgets, forecasts, and KPI’s for your business to give you the information required to make an informed and strategic decision for your business.
Profit and Loss Statement
This financial statement reflects your Sales and Expenses.
Your assets, liabilities and equity are reported in this statement.
Statement of Cash Flows
This statement will summarise your cash flows from receipts (money going in) and payments (money going out) based on operating, financing, and investing activities.
Key Performance Indicators (KPIs)
KPIs are used to evaluate the performance of the business over time in terms of its strategic and operational goals. Some of the financial KPIs that can be used are Profit Margin, Current ratio, Working Capital, Return on Equity, and Debt to Equity Ratios just to name a few.
It is important to manage these reports regularly so you can track your business performance, identify potential problems and improve on underperforming products, departments and services.
We will help look after your business health like the way your GP looks after you and your family’s health.