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SERVICES

Business Performance

Once you have the basic building blocks set up, you need to do your best to help your business succeed. This will mean creating an ambitious but achievable plan that will allow you to achieve your goals. 

From an accounting perspective, this will also mean creating a budget for your business and projections for best- and worst-case scenarios, for example. Once the budgets and forecasts have been produced, the important thing is to monitor the actuals on a regular basis and reforecast as required. 

Business performance services

Building projections and budgets

Establish goals and realistic targets to provide a guide for yourself and others such as banks or investors. Planning your financials from the outset will give you the perfect start to launch from.

Setting up management reporting templates

These templates will be used for creating reports including accounting and budgets, staff and HR reports, and any industry-specific reports which may be required.

Dashboards and KPI reporting

Having a way of aggregating your data and vital statistics to give you effective at-a-glance overviews and overall feedback of your KPIs is an essential part of many new and modern businesses. 

At Bradan Accountants…

…we ensure all of our clients are informed enough and have the right tools at their disposal. In addition, we are always available to discuss your needs and update processes as you grow. Having a reliable and knowledgeable accountant by your side is invaluable at tax return time as well as throughout the year.

Benefits of using Bradan Accountants:

  • We are an accounting firm that changes the game for our clients.
  • We put in place simple systems that make your business run efficiently.
  • We love technology like Xero and other cloud-based apps that can save time or give more insight.
  • We ensure the right information is captured and available for decision making.
  • We support you to thrive and achieve your goals.
  • Contact us today to discuss your needs and take the first step to making a more efficient tax return!

FAQ – Business Performance

Do I need a business plan?

All businesses, new and old, can benefit from having a business plan for the short, medium and long term. However, it is an essential part of any new business as it the guide that leads you along the way in those early years. 

What are KPIs?

Key Performance Indicators (KPIs) are the elements that show you how your business is performing. These can differ from business to business but 5 common KPIs are:

  • Revenue growth.
  • Revenue per client.
  • Profit margin.
  • Client retention rate.
  • Customer satisfaction

I need advice about growing my business, can you help?

Yes – by looking at your business, assessing your management reports, and analysing your data and KPIs, we can help create a new business plan to guide you as you expand your business. 

Related Services

Whether you are starting out or a seasoned business person there are huge advantages in using online / cloud technology to improve your business. This makes it easier to do business and avoid needless duplication. There are also big advantages in that it facilitates remote working and gives easy access to all the information you need for decision-making. 

All businesses need to grind out their annual accounts, tax returns and other statutory returns. This is not the most exciting area for business people but is our bread and butter. 

Business also require the more day to day activity of invoicing your customer, allocating payments, paying suppliers and employees and managing your bank balances. 

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