Accurate account reporting will give you a clear picture of your business

How do you know how well your business is performing if you are not in full possession of the financial facts? How can you make important decisions? How can you grow your business with any real confidence if you resort to chance?

This is where In the Black can make a significant difference to the future of your business. Our skills don’t stop at bookkeeping or filing tax returns, we use our expertise and knowledge of business to help you understand the current state of your business and plan for the future. If you run a small business and want to think big, working with In the Black could be an exciting prospect because we’ll do everything we can to help you get to where you want to be.

Management Accounts and proactive business planning

Management Accounts go beyond the standard monthly accounts. They are essentially a record of how your business is performing and will identify strengths and weaknesses that may impact on the business. We can prepare your management accounts on a monthly or quarterly basis and show you how to interpret the information. If you want to produce your own management accounts we can design and implement systems to provide you with the necessary tools.

Budgets and forecasts

With growth comes the need to plan more carefully. For instance, if you’re looking for funding from banks, grant providers or other organisations, you will need to provide evidence of business performance and how you are projecting for the future. It takes a little skill to get right. Starting from the basics, In the Black will help you establish a sensible and realistic budget that will act as a benchmark against which to appraise individual and company performance. We can teach you how to forecast revenue, costs, profits and cashflow and put in place processes and systems to help you. Or we can do it all for you. And if you’re planning to expand we can even help put together a business plan.

If you have plans for the future but aren’t sure of how you’re going to get there, In the Black can help. Call us on 01483 222858 or email to find out more about how we can provide strategic support and business financial planning advice.