AT PRECISION MA WE HELP YOUR BUSINESS PLAN FOR THE FUTURE
Working between the roles of a bookkeeper and a tax accountant, Precision MA are your outsourced Financial Controller. We provide a cost effective solution to gaining the accounting tools, knowledge, and transparency that your business needs.
Bookkeeping focuses on transactional data to record past historical information, while Management Accounting uses accounting information to look forward and plan for the future. For instance, a budget is the starting point to determine what your profit potential is, and knowing what your income and expense drivers are will help you achieve it.
By providing ongoing accounting information when you need it, working with Precision Management Accounting enables you to make informed and proactive business decisions.
Budgets are an important tool to document and communicate your expectations and to create accountability. Understand what drives your revenue and know how to control your expenses.
Cashflow forecasting can be critical to managing finances to ensure you can pay your bills on time. Effective cashflow management can remove anxiety from running a business.
Financial modelling and five year plans determine how you are gong to achieve long term business goals. All current business strategies should be in line with the bigger picture.
Internal reporting assists with managing staff and business performance. Give staff the information they need to achieve business goals and and create transparency in business operations.
Numbers are just numbers until they are explained in plain English.
Keep it simple, it's just accounting.
Small business owners are passionate, enthusiastic and very hard working and we understand that although they might not be interested in accounting information, they do need to understand what drives the profit and cash of their business.
Precision Management Accounting can wok with business owners/operators to created budgets and forecasts together. Our one-on-one workshops are a cost effective way for business's to learn more about accounting and financial and cashflow management for their business.
These workshops facilitate valuable conversations about the factors that influence income, expenses and cashflow that affect your financial performance. We sit down one-on-one with clients, ranging from a few hours to a full day, to discuss their real business issues and relay important information in a language that can be understood and actioned.
MANAGEMENT ACCOUNTING IS VALUE-ADDING ACCOUNTING
This 4 minute video explains how Management Accounting is different from tax accounting.
To put it simply, we report on information from systems to analyse if you'e achieving your goals.
Tax is a by-product of making a profit. At Precision, we focus on the “profit” part.
You can't manage what you can't measure!
Do you have control over the financial performance of your business?
At Precision MA we understand that every business is different. During our consultative process we personally sit with our clients to to review your operations, unique business goals, and formulate a strategy on how we can help you achieve them.
With our expertise in accounting tools and services, we can help your business realise many benefits including budgeting, forecasting, costing templates, scenario analysis, regular KPI and management reporting.