Excellent Systems = Business Success

Small businesses are fortunate in being able to respond quickly to fluctuations in the marketplace. To be successful, it is imperative that they move without delay to improve a bad situation. Regular monitoring is key.

To ensure you have a finger on the pulse in order to make quick changes where necessary, it's crucial to keep an eye on:

• Daily bank balances.

• Daily sales information including total sales, sales of individual products and sales made to new customers.

• Daily, weekly, or monthly gross profit figure achieved.

• Weekly debtors aged analysis, showing the amount owing to the business and the age of those debts.

• Labour productivity reports daily or weekly showing the actual time charged to clients or work on productive tasks – how does this compare to budget?

• A weekly statement of financial performance.

• Weekly creditors aged analysis, showing the amount the business owes and the age of that debt.

• Detailed monthly financial statements on all aspects of the business operations including statement of financial performance and statement of financial position, with comparisons to budget and cashflow forecasts.

• Annual budgets and annual cashflow forecasts (updated monthly).

• Details of any lost customers showing details of what their annual sales had been and reason (if known) for them leaving the business.

• Specific details on sales over a specified amount – who the sale was made to and what it was for.

We can help you make the most of your data.  Give us a call to talk about a health check on your business systems.