Business owners should understand their figures inside out. Working with an accountant to review that data ensures a business owner has a tailored selection of management reports, specific to your business. The type of reports that will be included in the management pack could include: profit and loss, cash flow forecasting, debtors and creditors and key performance indicators (KPI’s).
The majority of growing businesses would be advised to review their data quarterly as a minimum, this is important for tax planning and dividend declaration.
KFS Accountants would be delighted to assist with Monthly or Quarterly reporting or show Directors how to tweak their software to design and run their own personalised reports.
