Enhancing your financial systems to improve efficiency, accuracy and control.

Many smaller and even medium-sized companies do not have the resources to produce accurate monthly management reports and as a result can make decisions based on poor data. Year-ends can be a reconciliation nightmare.

We can look at your financial systems, from data collection and data entry through to reporting, to create efficient systems. We can then oversee those systems for you, or train your staff to run them in-house.

Typical outputs include:

  • Providing an overview of existing systems and developing systems and procedures to ensure data collection is accurate, timely and efficient.
  • Enhancing reporting procedures to communicate relevant information quickly.
  • Regular reconciliations of main balance sheet control accounts including cashbook, debtors, creditors, stock and VAT, to ensure management reports are based on accurate and complete information.
  • Month end procedures, setting up of appropriate structured management meetings.
  • Regular analysis of main sales and cost of sales accounts to ensure gross margins are reported correctly.
  • Where data is incomplete, inaccurate or date sensitive, providing analysis of data, highlighting errors or mis-postings and advising on procedures to avoid future error.
  • Developing import and export techniques that allow replacement of manual routines for vast amounts of data.
  • Using data export techniques to re-analyse large data sets in Excel (exceeding 50,000 lines of data)