Business Performance Updates
(Cash-flow forecasts, Profit forecasts, Management Accounts on a monthly/quarterly/mid-year basis)

The benefits: "What gets measured, get managed"

Regular trading accounts updates have the following advantages:

• Business performance can be monitored more than once a year, e.g. cash availability and profit
• Action plans can be created in business support meetings
• Tax forecasts can be made before the year end providing a prompt to put money aside for the bill
• Book-keeping issues can be highlighted and improvements made before the end of the financial year

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