BUSINESS / FINANCIAL ANALYSIS
Management accounting provides insight in to what has happened to a business, however it will struggle to provide you with the full understanding of why and support the forward planning and decision making process.
Business / financial analysis and reporting aims to support with understanding the business model(s) that your business operates, offering insights and recommendations on how to more efficiently operate and so to improve overall profit margins. We understand this process is heavily bespoke to each business that requires this level of analysis, so we would discuss with you during our initial discovery session the specific benefits this would have to you.
Financial analysis mainly focuses on using historic / current / forecasted data to determine trends and past achievements to help with future successes.
We can also assist in creating budgets/ forecasts, understanding them and supporting your future plans to help you recognise which direction your business is heading financially and how to use these as a tool to direct you forward.
Benefits of Business / Financial analysis:
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Build your business model into you accounting framework to have a 360 view of your whole business.
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Better reporting of in progress projects and processes to identify profitability issues sooner
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Understand areas for improvement to drive better margins