We will set-up a budgeting & financial plan for you:

By Division/Area/Location/Cost & Revenue Center

For use as a management tool to measure your actual performance on a month to month basis

That can be utilized as a guideline for bonus/incentive programs

As an educational process for your middle management for understanding cost through participation during the budget process

That will allow you to identify your manpower & fixed assets requirement necessary to plan

We can also establish an effective financial report that will "tell the story" behind the numbers and create a "month end closing calendar" to insure the timeliness of financial reports.

For management tools, the following financial reports are mainly used to measure performances of managerial positions and likewise identify strengths and weaknesses of marketing, and operational & administrative strategies:

a) Income Statements presented under the following format:

Comparative Report - Current Month vs. Prior Years
Comparative Cumulative Report - Year to Date vs. Prior Years
Comparative Report - Current Month vs. Current Month Budget
Comparative Cumulative Report-Current Year to Date vs. Current Year to Date Budget
Comparative Report - MTD by Location/Revenue Centers vs. Prior Years
Comparative Cumulative Income Statement MTD by Location/Revenue Centers vs. Prior Years
Comparative Income Statement - MTD by Location/Revenue Centers vs. Current Month Budget
Comparative Cumulative Income Statement YTD by Location/Revenue Centers vs. YTD Budget

b) Balance Sheet

Acid Test Ratio - A test conducted on a regualar basis to identify organizational liquidity
Accounts Receivable Aging Review

We will create and establish an Effective Financial Report under the following presentation

Narrative Reporting - An analytical review in narrative presentation
Tabular (Numerical) Presentation; a traditional form of Financial Reporting
Graphical Presentation - Results of financial operation are presented in pie, bar and line charts