Measure your performance
How is your business performing against your forecasts and targets.
Once you have created your forecasts and budgets (see Develop your plan) you need to systematically measure your actual performance and compare it to your targets.
Traditionally this takes the form of management accounts, i.e. monthly profit and loss accounts, balance sheet and cash flow.
However, most businesses recognise that traditional management accounts do not give them enough information to really drive their business forward. Most successful businesses therefore use Key Success Drivers (also known as Key Performance Indicators or “KPIs”) so that they can really understand what is happening while there is still time to do something about it.
So to be more successful your should systematically identify and measure Key Success Drivers/KPIs for every key area of your business.
We can help you to:
- Measure all the key things that really matter
- Discuss all the key issues raised
- Get the bookkeeping right
- Produce management accounts
- Create a one page plan to help you measure performance against targets monthly
If you would like to have a chat about this, give us a call
Val and her team came highly recommended to me when I was setting up United Employment Lawyers. From day one they became integral to our business. Thanks to them we have a seamless, fully integrated process for dealing with all of our book keeping and accounting requirements. Apart from being highly efficient and competent, all members of Val’s team are friendly, responsive and a delight to deal with.
Malcolm Mackay, Managing Director, United Employment Lawyers
How Beyond the Numbers will help you…
We believe that you should want more from your accountant and we are happy to help you with our 9 step plan towards performance measurement and improvement.
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Book an appointment and we’d be delighted to tell you more
about our experience helping other clients in your sector.
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