Financial Accounting, Forecasting and Budgets
For many businesses, their Accounts entail the statutory end of year accounts produced by their accountant. The problem with these on their own is that they are backwards looking and do little to show the health and position of your business today (in fact they can often be almost a year out of date by the time you receive them)
End-of-year accounts may satisfy the tax man, but how could your business benefit if it had that information on a regular basis? By preparing and analysing accounts more frequently you can –
- Identify trends and areas of weakness in your business
- Budget and manage cash flow
- Measure business performance
- Give yourself the information you need to make informed and proactive business decisions
Accurate forecasts and management accounts information are also essential information for potential investors and raising finance and help you build a stronger relationship with your bank.
Alpine Business Management can help you gain this financial information by putting ins systems and controls and providing your accounts staff with the skills they need. In tough economic times businesses need all the tools they can get to control costs, reduce waste and maximise profit margins and having access to regular management accounting information will help you achieve this.
If you want to find out how you can have regular management accounts information for your business, contact us and book in for our free initial consultation.