To ensure you are making the correct business decisions you need to base this on up-to-date business information and as your business grows annual accounts may not be enough.
Most smaller businesses rely on knowing the monthly or weekly sales figures and the cash coming into and out of the bank, often this is enough but eventually this will become too simplified a view. I can offer a range of services to help you grow:
Tools you can manage yourself – With a one-off review of your accounting systems I can assess whether you have the controls in place to ensure accurate up-to-date information is available to you. I can develop spreadsheets for you to manage your cash flow in a simple method which permits you to up date and change these each month. I can develop budgets and forecast tools which you can use to measure your performance against your targets each month.
Management accounts – As businesses grow they require more information to assess the profitability of the company as a whole, consider the overheads and ensure that the pricing and volumes of trade can produce a suitable profit. In order to react quickly to the changes in the market this information can be hugely useful on a monthly basis. I can produce this information and tailor it to your business.
Finance Director - As you grow you will need more tools to manage the business, and you may require a Finance Director who can offer a strategic view and apply commercial experience gained in a variety of environments to your company. For the fraction of the cost of employing a full time executive you could have the benefit for just a few relevant days in the month.
A combined management accounts and Finance Director package can be arranged.