BUDGETS

Importance of budgets for small businesses is that it gives a financial snap shot of the business for a specified period. Thus it gives financial guidance for the business when making strategic decisions in the future.

We will prepare a budgeted profit and loss account and a balance sheet to help you in this endeavour. However to use your budgets effectively, you will need to review and revise your budgets frequently. This is particularly true if your business is growing and you are planning to expand your business.

Using up-to-date budgets will help you to manage your cashflow effectively and identify what needs to be achieved in the next budgeting period. Our accountants will draft the budgets based on your business needs so that you will have a better business direction.

CASH FLOW

Mangaing your cash flow is critical when it comes to the day to day running of the business. Through our experience we have observed that many small to medium scale businesses are experiencing problems in managing their cash flow. This results in a situation where the business has to borrow money unnecessarily to fund the day to day requirements of the business.

Our cash flow forecasts will help you to identify all cash inflows and cash outflows which will definitely help you in making better business decisions.

FINANCIAL PLANNING

For small to medium scale businesses, financial planning is critical because it has a direct impact on the future viability of the business. Our financial consultants are here to help you on financial planning which includes the following
• Establishing financial goals for your business
• Determining the total disposable wealth of the business
• Advise on all possible investment opportunities for the future
• Evaluating the potential returns on those investment opportunities
• Ideas on how to raise more capital for the business.

Contact one of our financial advisors for more information .

MANAGEMENT ACCOUNTS

Management accounts will give you an in depth view of of your business especially for comparing budgeted and actual figures whether it is cost or revenue. Management accounts is an integral component when it comes to strategic decision making. We have enabled many small to medium scale businesses in London to make better strategic decisions through our management accounts package.

Our management accounts package will enable businesses like yours to:
• Compare your accounts with original budgets or forecasts
• Manage your resources better
• Identify trends in your business
• Highlight variations in your income or spending which may require attention