Get a highly-skilled CFO to provide strategic financial advice and expertise for your small business, without breaking your budget.
Scenario analysis is a powerful technique to combat the uncertain nature of small business. It involves analysing how future events and external pressures might impact the performance of your business and what processes are needed to prepare for those circumstances. Through scenario analysis, our virtual CFO will help you make strategic business decisions by planning for: Changing economic conditions, Changes to your product line, The impact of upsizing/downsizing your business, Future competition in your industry, Future revenue and profit.
An expert pair of eyes will be able to tell you exactly how your business is performing. Our business accounting specialists will analyse your business metrics and ensure that you’re in the best position to be achieving your goals. This includes identifying potential risks and areas of improvement, as well as maintaining effective cash flow management practices.
KPI management is a term used to describe the process of setting, performing, monitoring and analyzing specific industry key performance indicators (or KPIs) which helps companies and organizations in measuring the level of success in reaching their business objectives. We’ll set up suitable key performance indicators to assist with measuring your own ability to set and achieve goals. These KPIs can be used to measure your customer satisfaction, employee performance, and general engagement levels with any audience the company specifically targets.
Having a virtual CFO on board will give you regular access to the expertise your business needs. We’ll conduct monthly or quarterly meetings (depending on your business needs) with you to analyse and discuss the performance of your business. We’ll work with you to build a plan heading forward and provide detailed financial reports that will help you track all areas of your business.
Keeping clean financial records is crucial when it comes to maintaining healthy cash flow, satisfying your tax requirements and tracking the success of your small business. Unfortunately, the process of bookkeeping as a small business owner can be overwhelming and difficult to understand, especially if you have no background in accounting.
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Prioritising your taxes until too late can mean you end up missing out on substantial deductions at tax time. For small business, tax planning is an essential part of managing your cash flow and limiting unnecessary expenditure.
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