Knowing your numbers. Why is this so important?

Know your numbers - Alexander Accounts Burton on Trent

Alexander Accountancy believes that all businesses should produce regular financial information to make sure they stay in control. Having information available on a regular basis and in a timely manner is fundamental to the proactive management of a business. This is when you are best placed to make informed decisions in a positive manner and hopefully help avoid having to take reactive measures after the event.

What are the benefits?

Depending on Statutory Accounts only gives you a snapshot of one moment in time and may not indicate trends or show the full picture. Identifying trends in advance with the use of budgets and up to date information allows for better control and forward planning. It means positive steps can be taken to correct negative trends before they take hold.

The regular reviewing of data allows informed decisions to be made about what is and is not working in a business, and if changes need to be made. It allows for better cost control to be maintained and can be used to measure the return on investment. Thus indicating where funds should and should not be used.

Having more information available allows for better forward planning and can help maximise any benefits that can be obtained from the timing of expenditure and claiming reliefs.

Having up to date and accurate information can also reduce the cost of having annual work done including preparing the Statutory Accounts.

At Alexander Accountancy we have abundant expertise in preparing and dealing with management accounts and information. Added to their practice experience both the senior partners have worked in industry up to boardroom level in businesses employing up to 350 people.

If you would like to find out more about how we can help you take advantage of the opportunities knowing your numbers can offer, please telephone Burton upon Trent  01283 743851 or email in**@al*******************.uk.