A question we’re asked a lot at Callan is “how do I know how my business is doing”. Most accountants at this point will say something along the lines of “Let me go and check”.
They don’t usually have the information to hand, as most of the time they are only focused on client’s VAT returns, then usually the year end tax planning and filing. Tax planning after year end is too late and misses the window to make a difference.
We use Zoom videos a lot to show clients their real time information. We then send a monthly report to those clients who want them, showing the key ways to work this out properly. Money in the bank is what many focus on, but you need to factor in debtors, creditors, other taxes and dividends drawn to get the full picture of how your business is doing. Many want to know how much money they can take, some want to plan for future investment. Only by having a full understanding of all business factors can companies make correct long-term decisions.
The easy answer if you want to find out exactly how your business is doing is to speak to us. At Callan we take away business uncertainly for our clients. We’ll support them in any way we can to help them grow their companies. The latest accountancy software combined with expert advice helps take the guesswork out of planning and lets us supply the KPI’s (Key Performance Indicators) our clients need to plan for the future.
