Reports
Our comprehensive financial reports are easy to understand. A full report will be left with you to use as a reference during the next audit period. In addition, the reports can be emailed to you and anyone else that you nominate.
The BIG 3 Key Performance Indicators (KPI's) are:
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Gross Profit %
What is the result ? Has it changed since the last audit? What is the historical trend? Do I need to take any action? - Gross Profit
How much Gross Profit has been generated from sales this audit period? How does this compare to the same period last year? Will it cover the wages and other operating costs of the business? - Surplus/ Deficit
Has all of the consumed stock been accounted for in terms of sales in the till? What is missing?
"Just imagine waiting for your accountant to deliver your year end accounts before discovering that your Gross Profit% had fallen by 2% over the whole of the previous trading year. That’s £167 less profit than you were expecting for every £10,000 sales. That's over £17,000 less profit over a year for a business taking £20,000 per week" |
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Other performance indicators:
- Stock variance report – a line by line report on the surplus or deficit for every single product by quantity and sales value
- Product sales – for every products line by line
- Gross Profit % - for every product at a glance
- Stock holding – in days. Helps with planning orders and identifies overstocking.
- Purchases – detailing quantity, cost and supplier for every item purchased during the audit period
Historical Reports
Cumulative and historical reports are valuable information. We can help you to understand the long term trend so that you are in a strong position to negotiate with suppliers, produce accurate forecasts or formulate a business plan with a view to expansion. We will monitor the key financial trends of your business and give you advice on necessary action.