Budgeting & Forecasting
Budgets and forecasts are useful tools in analysing past performance, present situation & future outcome. The assumptions employed in drafting these budgets and forecasts need to be realistic and should take into account the internal and external business conditions.
As your adviser, we will engage with you in this intricate process and help you develop systems and processes that allow you to monitor and identify any problems that need to be planned or managed and develop strategic plans to overcome any systemic issues and capitalise on any potential opportunities that may be available.
Performance Measurement
At Financial Decisions, we are all about challenging assumptions and finding innovative ways to measure both the financial and non-financial performance of a business. As the old cliché goes, “what gets measured gets done” but is this really true? Are you measuring the right attributes? Have you employed the right indicators that provide you with a suggestion as to the direction your business is headed in? Are you required to reengineer some of your business processes? We pride ourselves on taking the complexity out of any given situation and being able to translate a complex scenario into a statement that our clients understand.
It is vital that the financial health of your organisation is monitored regularly, first, to allow for comparison with previous years, how your business stacks up when compared to industry benchmarks and, second, to allow you to gauge whether the operations of the organisation are striving to achieve the key objectives set out in the organisations strategic plan
Financial Reporting
The ever changing landscape of our regulatory environment has made it difficult for business owners to fully comprehend how these changes impact them and what it means moving forward. The accounting arm of Financial Decisions can assist you, amongst other things, in keeping up with these changes by:
- Preparing the required financial reports for your organisation;
- Providing bookkeeping & general ledger support;
- Advising you on your superannuation, workers comp & payroll tax obligations;
- Providing business valuation;
- Managing & preparing budgets, forecasts & cash flow projections;
- Assisting with capital & finance applications.
