Ongoing management reports
Ongoing management reports are one of the essential services provided to business managers by our bookkeeping department. Each month, an updated, unaudited report is sent to the client, detailing the business’s income and expense accounts, as well as the profit derived from them.
In addition to these ongoing management reports, we can provide the client with a financial ratios report upon request. This report includes detailed information on income, expenses, and gross profit, expressed in both ILS and percentages. The data is presented both numerically and graphically, offering a clear visual representation of the business’s profitability according to the requested breakdown.
The report is customized based on the client’s preferences and tailored to the relevant data that align with their industry and needs. We offer a wide range of presentation options, including monthly or yearly profit breakdowns, departmental segmentation, and income analysis based on labor costs. These insights provide the business manager with practical tools for making informed decisions. This report serves as a strategic tool, offering the manager essential information and key data from a high-level perspective, without the need to dive into the daily operational details.
This vital tool provides real-time insights into the business’s performance in a direct and ongoing manner. It offers accessible tracking of the business’s performance, enabling the manager to quickly identify profit centers or areas of loss and respond accordingly with tactical or strategic decisions.
If the report highlights issues within specific departments that are generating losses, or identifies highly profitable areas that merit further investment, the data can be transferred to our financial advisory department for deeper analysis at the client’s request. This in-depth review will take cash flow data into account, helping the business owner develop recommendations for a comprehensive business plan.
At Michael Weizman & Co. – Certified Public Accountants, we maintain ongoing communication with our clients, delivering business data through clear reports and spreadsheets. These tools help business managers gain new perspectives on their financial performance.
An accountant from our firm will be happy to assist you with this service. Contact us today for a no-obligation consultation.
