LUNA MUNCASTER LTD
Chartered Accountants
making business sense
Advisory Services for Financial Control and Growth
Profitability Advice
Cash Flow
Advice
Better Informed Decisions
Regular
Metrics
Understand where your business is making or losing money.
I can help you to achieve this by designing analysis and reports specific to your business that illustrate the profit margins you are earning on each product or service set.
I can work with you to ensure that your accounting records capture information needed to allow such analysis to be developed. For example, if a small service company tracks its time and allocates it to jobs it will be better placed to understand its margins.
If you already have a rough view or a gut feel for your margins, I can turn this into objective analysis to ensure that you can make better informed decisions about which products or services to focus on.
I can highlight which of your fixed overheads are the most costly, how these impact on your net profit and how they can be reduced to help you improve your bottom line.
Good cash flow management is vital to the survival of any type of business, of any size.
I can help you forecast your business's cash flow and manage the peaks and troughs throughout the year, ensuring that you have adequate working capital to finance your everyday business activities.
The first step is to understand at what times of the year your cash flow is at its lowest. Payments to HMRC, such as your quarterly VAT or annual corporation tax payment, can drain your cash, impacting on your ability to pay your employees and suppliers.
Do you give your customers more days credit than the amount of days credit you receive from your suppliers? Ideally it should be the reverse, so that you receive cash before you have to pay it out.
A good cash flow forecast, together with advice and analysis, will help your business remain healthy and viable.
When your business is growing you'll inevitably be very busy and will sometimes have to make quite major decisions under time pressure.
I can assist you by providing high quality financial analysis so that you make better informed decisions.
Typical situations could be launching a new product or service, investing in new equipment or assets, deciding where best to spend marketing funds or seeking additional finance from your bank manager,
Good financial analysis can help you decide where best to spend your money, can give you an objective assessment of the likely financial risks and can give you an indicative view of the impact on profits.
For some businesses, an annual discussion based on historical statutory accounts isn't really enough to give you the level of financial control you need to run your business.
Management accounts are tailored to give you the information you need, on a regular basis. Whether this is monthly or quarterly depends on the size and type of business that you run.
By monitoring performance against a budget or forecast on a regular basis you are better able to see the financial impact of the day to day decisions that you make and are able to take timely corrective action where necessary.
I can tailor these accounts to suit your needs, using dashboards to report your business's key performance indicators and can use these reports as the basis for other insightful analysis.