Ok, so it doesn’t sound very exciting but bear with me because if you get this right, the excitement of watching your business go from zero to hero will make this article worth the initial yawn… Why? Because this aspect of managing your business is critical to ensuring you achieve your goals. Without Financial Performance Monitoring, that overseas holiday, new home, swimming pool may not come to fruition.
If you plan to grow your business, you know that sales, profit margins and cash flow are KING! And if you don’t monitor these performance indicators you won’t see where the bottlenecks are and how you can unblock them.
Financial Performance Monitoring covers many aspects of the business, including Profit Drivers; Stock management; Debtors collection; Creditor payments; Sales/Invoicing procedures; Cash Flow Budgets & Breakdown Sales.
Lack of precise, regular and persistent reporting can lead to business disrepair… harsh but true. If you don't know where it hurts, how can you decide what has to be improved?
The Mills Precinct Building 3
Ground Floor 275 Ruthven Street, Toowoomba Qld 4350
Phone: (07) 4688 2500
E-Mail: enquiries@cvaccountancy.com.au