Reports That Go with Your Accounts

Reports That Go with Your Accounts

Year End Reports

When you have had your year-end accounts done by your accountant you may have some other reports that they have prepared for you to accompany the accounts to assist you in running your business as profitable as possible.

These may range from key report indicators to bespoke reports that have been designed by your accountant with your business in mind.

We run the following reports

Benchmarking Report

What this does is it compares your business to theirs in your industry and within the report are key performance indicators, but these are complete with graphs, so it makes it easier to understand.

The layout of this report only on two pages so there are not pages and pages of information to go through and on the first page it will have your performance indicators with some detailed findings comparing you to others in your industry with some hints on what to focus on. So, they are headed up

Where you want to be

How to get there

The second page has a one-page improvement plan on it, and this enables you action the points above with your action plan and these are set out in separate columns.

What if Ratio’s

This gives you your key ratio’s on how you have done in the particular year and then we prepare finding if your results increased by 2%,5% and 10%.

This gives the idea on what your results could look like.

One Page Plan

This service is run on its own but in tracks the company’s performance in year rather than at year end as the aim is to improve the results during your year as after your year-end has gone past it is too late.

This works by setting out the company’s goals and what it wants to achieve, and the other columns are the current results, so you track this on a month to month or quarter.

This is prepared once your management accounts have been prepared and you can then produce the one-page plan and adjust bring your goals back on track.

The other good thing about this report is it can be given to bank managers so they can see the goals of the company, but it also has:

Key Sales Drivers

Key Cost and Cash Drivers

Key Underlying Success Drivers

It may help them if you are applying for an overdraft.

So, readers of the reports can see what the company aim is and how it intends to get there and other companies that will find this useful are:

• Finance company for new machinery etc
• Internal use for exit planning.