Services
Budgeting
Creating a budget is merely goal setting and educated guesses. We can’t predict the future, but we can plan for it. Departmental and overall input and accountability help keep the business on track. Whether it’s inflationary increases across the board or very itemized and specifically anticipated changes, a sound budget is the financial road map to the future. We’ll work with all levels of your organization to get all levels of input for future projections and departmental limitations on spending. A reference guide for sales goals, expense approvals, and natural overhead increases.
Forecasting
As the year progresses with varying revenue streams and distribution channels, the opportunity for profit grows, but so does the complexity. Every month end provides accurate information that can be integrated into the budget for comparison and updating the projection. This can then be used to confirm or update business decisions.
Variance Analysis and Modeling
As we see the position of the business update each month we can explain why and how the course is taking the it’s direction and what avenue is more or less favorable in the coming months (and years). We can then run “what if” scenarios to see where each of these paths will take the business in order to minimize liability and risk.
Key Performance Indicators
Every business has tell tale signs of financial health and prosperity or the need for change. These key performance indicators (KPI’s) are not always the same from one business to another. Identifying these makes it easier to quickly monitor the health of the business. The easiest example to understand is the monthly revenue needed to break even.
Ad Hoc Reporting
This includes a wide range of requests, some examples:
Salesperson X just sold $M products, what impact will that have on expenses when commissions are paid next quarter?
What do revenues and expenses look like year over year for the last 5 years? Monthly?
What will monthly revenues, expenses, and profits look like for the next 5 years with sales increasing 10% and expenses increasing 5%?
The commission structure is getting complicated and mistakes are being made, professional help is needed to make the calculation.