Written by Ged Cosgrove, group managing partner
Data-driven decision making has gone from a priority to an absolute necessity, with us witnessing continued demand for management accounts.
As the pandemic took hold, many businesses relied on management accounts to keep a tight hold of their finances, make informed decisions, take calculated risks, and understand what steps they could and should take next. As we approach the final days of 2021, it makes sense that there is still a growing need and desire for this kind of information.
With a new COVID-19 variant driving uncertainty about what may lie in the months ahead, now is a good time to consider whether your business would benefit from management accounts.
Our service gives you an intricate knowledge and understanding of your business finances and can be critical to success. During normal trading periods and times of flux, we can help you forecast your cash flow, set budgets, plan for any borrowing, investigate investment opportunities, identify your recruitment needs and track your KPIs, through careful reporting of your financial position.
Good bookkeepers are worth their weight in gold, but there is an increasing shortage of skilled professionals to take on new clients. For many business owners, there comes a tipping point; when do your finances require careful consideration and planning to maximise their potential? Our expert management accounts team can help take your finances, and your organisation, to the next level.
You control the information you receive; whether weekly, monthly, or quarterly. So whether you need a monthly report for board meetings, a quarterly briefing to inform your goals and objectives, or regular updates as you weather the storm, we can tailor a report that works for you.
If you’d like to take a tighter grasp of your finances as we enter a new year and gain additional support in spotting and reacting to opportunities or concerns on the horizon, speak to your Champion advisor.
I also want to take a moment to wish you a very Merry Christmas, and here’s to a happy, healthy and prosperous 2022!