All but the most simple businesses need management information in order to monitor performance and to plan ahead. How do sales compare to last year? Has our gross margin held up? What’s our bottom line?
Too many businesses exist without the answers to these and many more vital questions until the year-end accounts are prepared, but that can be months later. Many are put off by the perceived time and/or expense in putting the information together, but this can result in problems or opportunities not being noticed until it’s too late.
Let us help you – we can come up with a reporting regime that works for you. As we said before, every business is unique so we don’t believe in a one-size-fits-all solution. If you use Xero we can create a simple, single-page report you can use each month on your own with minimal effort, or a larger business could engage us to produce more detailed reports each month to a set timescale.