This is the process of recording all of the company's financial data.
To produce accurate Monthly Management Accounts to include, Profit & Loss, Balance Sheet and Cashflow.
Implement a month end close timetable .
Book in & review as a Board the monthly performance.
Implement efficiencies in processing and accuracy of the data.
Use opportunity to support, mentor & upskill the Finance Team
Add depth to Monthly Management Accounts
Analyse monthly trends - revenue, margins, costs, cashflows
Understand customer concentration, margin by geography, customer or product/ service line
Select relevant KPIs