Many businesses require financial statements and reports to be produced for the managers of the company.
These reports can keep the non-finance-focused stakeholders in the loop regarding the performance of various areas of the business, and the business as a whole.
Over-reliance on End-of-Year financial statements alone can lead to trouble in missed opportunities and a lack of ability to react to issues as they crop up. This is a problem that many smaller businesses face.
As an alternative, regular and timely reports which give a view of the most crucial statistics can allow the decision-makers in the business to be fully informed and act in a way that keeps profits up.
Jacky Gregory Accounts can support with management reporting, based on a frequency which suits your business (typically this will be either monthly or quarterly). We will report on the most important areas of your business, and show how the organisation is performing overall.
What’s included in our Management Reporting service?
- We can ensure you are meeting your contractual obligations by giving financial insights when they’re required.
- We’ll show a clear indication of cash-flow, including the highs and lows of your business’ performance, and whether capital should be allocated to different areas at different times.
- We will take the strain off non-financially trained stakeholders by showing you exactly what you need to know, when you need to know it.
- We can draw on historical information to predict issues before they arise, meaning we can prepare for scenarios before they become problematic.
- We can identify trends, and look at external factors to gain an understanding of what might be affecting business performance.
- We can assist in preparing budgets and forecasts.
- We can assist in the preparation of your strategic plan.