If you don’t know your numbers, you don’t know your business. We offer essential accounting services that keep you informed about your company and ensure your current and future financial health.
Your ‘traditional’ accounting processes could be telling you lies…
In any typical manufacturing business 80% of expenditure will relate to raw materials or labour. This means your traditional accounting processes focused around bank transactions and the P&L are unlikely to tell you about the true performance of your business.
“But, we costed everything – so we should be fine…”
Don’t get fooled into thinking – ‘but, we costed everything so we should be fine‘, reality never matches the planned costing. Make sure you have ways to track exactly how much you make on each product or project.
A good system should be able to tell you exactly what changes you need to make to increase profitability in your business.
If you are interested in learning more about margin targets and cost to revenue ratios contact one of our specialists.