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OUR SERVICES
Management reporting, review and Consultancy
Management reporting, review and Consultancy
We provide the following services quarterly or monthly.
Management accounts | |
• | Profit and loss account – monthly, by sales person, by branch; comparing prior year |
• | Balance sheet |
• | Bank reconciliations |
• | Aged debtors and creditor reports |
• | Management of asset records |
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• | Preparation of VAT returns |
• | Advice on Flat Rate and other VAT schemes |
• | Updates on changing legislation and rates |
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• | Production of monthly/weekly payslips |
• | Accurate accounting for statutory sick and maternity pay |
• | Calculations of PAYE liability |
• | Analysis of payroll costs for your records |
• | Completion of statutory returns to HMRC and your employees (P35, P14, P60, P45, P46, P46(Car)) |
• | Reporting of expenses and benefits (P11D) |
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• | Creating monthly or weekly rolling forecasts |
• | Identifying and planning for large irregular payments such as rent, VAT and corporation tax |
• | Setting credit control targets from receipts |
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• | Preparation of an annual budget |
• | Variance analysis to actual |
• | Preparation of profit projections after reorganisation of business activities (redundancies, closing departments, reducing overheads) |
We provide business owners with essential financial information throughout the year to give them a better understanding of the health of their business and to aid decision making.
In these uncertain times the immediate reaction is to reduce overheads. However, it is now equally important to improve your operational efficiency.
Q ‘OK my books are tidy – what next?’
A We create budgets and profit projections so that you can drive your business forward efficiently and profitably
Q ‘I have a feeling I know which parts of my business are the most profitable, but it doesn’t seem to be making any money?’
A We create user friendly management information so that you can see the profitability of your business by sector, product or sales person
Q ‘I don’t seem to have time to chase my customers for payment and sometimes it’s too late!’
A We implement credit control procedures to avoid bad debts
Q ‘I’m doing well and employ a couple of part time staff, but what is this yellow book for?’
A We assist you with PAYE compliance or run the payroll for you
Q ‘How can I plan my finances properly for next year? The kids are off to university, one wants to run a car, can I afford to help?’
A We prepare cash forecasts and help you manage your liabilities. We advise you on the most efficient way of extracting money from your business.
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