Making better use of your financial information
I work with business owners to get them to a place where they have a firm handle on the finances of their business.
As small business owners grow their business year on year, they come up against increasing challenges such as:
I don't know how much money I am making and how much I can pay myself
I just want to have the right information to hand so that I can make decisions in order to grow my business
I feel alone with managing the financial side of my business and I have come to realise I need some help
If you find that at the end of each month you have little idea of how much money you have made or how much you can draw out, then is most likely because you don't have tight enough control over your management information processes.
Download my free guide: "Six reasons businesses struggle - and what you can do so you don't fall into the same trap"
"Engaging with Philip has been a breath of fresh air and helped me enormously as I grow my business"
As a Chartered Accountant, through my tailored support you will know where you are making money and which areas of your business are the most profitable.
You will be able to manage your cashflow effectively and have the right information available to make decisions on how you will grow your business with the level of detail and language which is appropriate for you.
The areas Riley MI can help with include:
ensuring your systems are fully up to date and provide regular information so you know where you are at all times
providing information in a way that identifies the profitable and less profitable areas of your business
preparing realistic plans for the future financial direction of your business and forecast future cash flow
ensuring annual regulatory accounts and tax are prepared with minimum fuss and you know how much money you can take out of the business and how, e.g. by salary, dividends or drawings
ensuring your VAT reporting requirements are met or help you monitor when you might be liable to register for VAT
The services I offer go beyond those of traditional accounting firms who bring your books up to date once a year and prepare your statuary accounts and your tax return. I offer these services, and I can also work alongside your accountant and bookkeeper if you would prefer to keep them on. However, the additional services I offer will give you the business insights you need to fully manage your business.
As well as providing the regulatory financial information your business needs, Riley MI can provide regular, relevant, understandable and importantly timely information that you can use to run your business.
Here are the ways I can help you
Understand how much money you have available to pay yourself, your suppliers and make further investments.