When small business owners think accounting, they are generally thinking about
compliance based accounting services. These are the accounting services that focus
on preparing tax returns, lodging BAS and ensuring the business’ financial records
are accurate. As a result, this style of accounting is constantly looking at past
performance rather than exploring opportunities for growth or preparing for upcoming
challenges.
But there is another style of accounting that actually helps business owners make
informed decisions, anticipate trends and gain a comprehensive understanding of
their financial performance.
It’s called Commercial Management Accounting and it’s an area of accounting that
has traditionally been reserved for large corporates. But thanks to the team at
CFO@Call this type of accounting service is now available to small and medium-
sized businesses.
What are the benefits of Commercial Management Accounting Advice?
Businesses that obtain commercial management accounting advice receive 3 major
benefits. They are:
- Commercial management accounting is forward-looking so it is able to
provide insights into your business’ future financial performance. This gives
business owners and their management teams the information they need to
plan, expand or consolidate with confidence. - Commercial management accountants have more of a partnership
relationship with their clients, rather than a once-per-year approach. This
means they can examine your business’ financial data to identify patterns,
tends and provide strategic insights which can be used to make informed
decisions. - Commercial management accounting includes services such as financial
forecasting, business performance analysis, risk management and strategic
planning. These services will transform the focus of your business so you can
prioritise commercial success through gaining efficiencies, adopting
innovation and maximising upcoming opportunities.
Are you ready to take a proactive approach to managing your business?
Obviously, compliance based accounting practices are essential for every business.
But if you want to improve profitability, promote stable cash flow and gain the ability
to make informed business decisions, you need commercial management
accounting advice. In other words, you need to speak to the team at CFO@Call. So
get in touch by calling 02 4713 1100 to discuss how we can help your business.