All the information you need to run a more successful business
Management reports … generating the numbers
Detailed trading and profit and loss account for the period, together with comparative information.
Detailed balance sheet, together with comparative information, providing information regarding the business assets and liabilities.
Ratio analysis to highlight areas of strength and weakness.
You will get detailed, graphical analysis over a period of time. Very often by tracking trends it is possible to identify problems before they get too serious.
Advice … helping you to understand the numbers
Helping you to interpret the numbers
Discuss your key business challenges
Giving you advice to help you grow your business
So, how will I benefit from regular management reports?
Enable you to keep track of key financial performance indicators, which will highlight the strengths and weaknesses of the business.
Allow you to benchmark your business more effectively against other businesses within the same trade or industry.
Enable you to produce more reliable forecasts to assist in planning the future strategy for the business. Bank managers like to see regular management information. This demonstrates that you are in control of your business, which will be a major factor when approaching your bank for additional finance.