Accounting by a Chartered Accountant
We offer a full range of both financial and management accounting services including:
Profit and Loss and Balance Sheet reporting
Cash flow forecasting
KPI’s and metrics
Forecasting in particular is vitally important because it will help you plan and predict cash shortages/excesses, plan and prepare for expansion, stock control, taxes and anticipate key expenses. Remember cash is king and there’s no point making profit if you cannot pay your bills when they fall due.
Budgeting is also another important tool as it allows businesses to set financial targets and measure performance against them. In addition to performance management, budgets will take the guesswork out of running a business and will also improve your chances of getting a loan. As a Xero Certified Small Business Accountant, we use all the latest software including scenario building to help you run your business more efficiently.
We will also look at your KPI's. A lot of businesses are profitable but they have no cash and this is usually caused by low profit margins or poor management of the working capital cycle (Debtors/Creditors and stock control). We will calculate and measure the key KPI's and explain in easy to understand terms how to improve them which should have a knock-on effect on the overall health of your business.