Making sure all the compliance requirements are fulfilled is good bookkeeping. What empowers our clients around their finances is providing them with meaningful reports.
We can provide the standard set of Profit and Loss reports from QB or Sage but if you need more information we can provide you with a variety of reports to suit your budget and your needs.
Quarterly Financial Reports
In this report, we make comparisons of this year to last year, this quarter to the same quarter last year and this month to last month. We include the COGS and Expenses represented as a % of the Sales.
A copy of this report also goes to your Accountant so that they can see in a snapshot, where your business is at and to give a more in-depth analysis of the story behind the figures.
We recommend this for micro to small business owners who don’t want to grow their business beyond what they can manage themselves.
Quarterly Board Reports
Most Sole Proprietors or small to medium sized businesses don’t have a “Board” that they are required to report to each month. We encourage our clients to think and behave they are larger than they really are which has a flow-on effect of generating growth in their business.
On the other hand, some business owners keep a lot of the financial information in their head and manage to run their business successfully for many years. There usually comes a point though where the business has outgrown them and they need to share part of that load. The only way of doing this successfully is to have a set of reports that can be discussed with all the shareholders in the business.
The Quarterly Board Reports include:
The Financial Fitness Review (Board Report) which examine 7 KPI’s in the business:
Accounts Receivable Collection Rate
Accounts Payable Collection Rate
as well as:
The Quarterly Financial Reports
An analysis by a Specialist Bookkeeper
Monthly Strategic Board Reports
This set of reports is suitable for business owners needing to make strategic decisions month by month.
KPI reports (customised for your business)
Cash Flow Analysis
A session with a Specialist Bookkeeper to determine your specific KPI’s