My proposed methodology
Business performance analysis
Accounting platform - real time basis
Operations running effectively
Internal processes working according to plan
All aspects of business are run on a Cash Flow perspective
Monthly management review / reports play an important role to guide business
Analysis
Business performance analysis
- Will identify strengths and weaknesses within your business for further action.
Accounting platform - real time basis
- Informed decision making on accurate accounting information.
Operations running effectively
- Streamline business and de-bottle necking operations.
Internal processes working according to plan
- Compliance functions (BAS (GST / PAYG) / Superannuation).
- Administration process runs efficiently.
- Staff or business owner empowered and know what is expected from them.
- Debtors collection policy (payments received as planned).
- Inventory (lean and mean).
- Creditors (all costs under control and planned).
- Loans (planned and are in-line with businesses strategy).
All aspects of business are run on a Cash Flow perspective
- Improve productivity (run operations efficiently and effectively as possible).
- Review cost structures for savings (future viability of your business).
- Adopt appropriate risk management strategies.
- Evaluate performance, incorporate strategies to improve performance.
Monthly management review / reports play an important role to guide business
- Budgeting (yearly business plan).
- Forecasting (monthly profitability and cash flow).
- KPI analysis (early warning systems).
- Understand your cost basis (profitability).
- Any deviation from the plan is noted and acted upon to aid or rectify the situation.
Analysis
- High-level interpretation and analysis of reports.
- Evaluation of business practices.
- Liquidity management and working capital reviews.
- Advice on cost-cutting and business process reviews.
- Asset management.
- Break-even analysis, cost analysis, profitability and product line reviews.
- Development of key performance indicators.