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Once your accounts have been completed, you can use the reporting support we provide to help you understand the business in more detail and ensure that you make timely decisions. You will be able to review your true financial picture and take action to ensure your business continues to succeed. We offer to simply provide reports or offer one to one meetings to take you through the information and guide you on some of the key areas - we are just like having your own finance department.
CREDIT CONTROL
Do you know who owes you money and how much money you have outstanding at any one time? Do you know which customers are always your late payers and therefore reduce the cash available in your bank account? Cash is king and obviously a vital part of your business but knowing how to manage your debtors will make such a difference. We work with clients to manage their outstanding debt whilst always appreciating the customer relationship and can guide you if the situation needs further action.
CASH FLOW
Cash is king and we work with clients to manage their cashflow, forecast for those important purchases and identify when they need to cut back? Activities such as managing your credit with suppliers is just as important as your credit control, so having an up to date list of your creditors and when the payments are due always helps. We work with you to forecast your cash flow, so that your budget includes your short and long term plans.
COSTING AND PROFIT MARGINS
Many businesses only produce forecast budgets for the bank and it is common to find that those that do have a budget never compare the actuals until the year end. Do you have a current budget for your business and know if you are are going to make enough profit for your business to continue and succeed? We work with clients to use their forecasts, calculate and review their cost and profit margins to maintain a realistic budget for their business.
For a specific discussion about how we can help with your business financial controls, then please contact us on 01865 378559 or email
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