Lack of understanding and misinterpretation can lead to bad decision making, which can be terminal and can destroy years of hard work. Many business owners are embarrassed to admit that they don’t know or understand their numbers, but why should they be? Why should you suffer from the unknown during the night, when you can be prepared?
Interpreting numbers is not why you set up your business. You are set up in business because you are an expert in a particular field. Your business exists because others need your expertise.
An analysis of how the business has performed in the year to date position helping you to understand trends and look at areas for improvement.
Having a clear and focused short term cash flow is fundamental to the business’s success. You need this information to make well-informed strategic business decisions
Ensure you have the money to do the things you need to do as well as investing in the business. Seeing any bumps in the road will also help with your tax planning.
Essential to know where you are likely to end and make big decisions such as capital expenditure planning, taxation or even hiring new team members.
Analysing and understanding your business’ performance to set up budgets, forecasts and provide management information lead to transformative change.
✓ Helps you to understand your business’ performance
✓ Simplifies future planning
✓ Allows you to make smart and strategic decisions
✓ Assists you to make accurate and informed decisions
✓ Supports you to plan your tax and expenditure in advance
✓ Provides information to know your precise financial position
✓ Prepares stress test for your business
✓ Supplies you with expert advice from your dedicated Client Manager
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enquiries@northernaccountants.co.uk