The Monthly Reporting a Time Traveler Would Actually Trust #123
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The Monthly Reporting a Time Traveler Would Actually Trust #123
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What should your monthly management accounts actually look like, and what should they be telling you? In this episode, Claire walks business owners through exactly what Profit Cash Growth delivers to clients on a monthly basis, from the executive summary to the cash flow forecast to the taxes tab, and explains why the goal of every number is to drive a decision in the next 30 days.
Key topics covered:
- Why monthly reporting is about tactics and quarterly reporting is about strategy
- The five sections of a great monthly management pack, and what goes in each one
- Why an executive summary is the most important page in any report, and what it should contain
- How flagged commentary and trend graphs surface the exceptions that actually matter
- The difference between a report that generates decisions and one that just gets filed
- How deep-dive ad hoc analysis works alongside monthly reporting to answer the questions that numbers raise
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ABOUT THE HOST:
Claire Hancott through Profit Cash Growth helps 6 & 7 figure business owners to increase their profit, improve their cashflow and grow their business using their numbers.
As a finance director & chartered management accountant, Claire has nearly 20 years’ experience in finance and running businesses of her own. This gives her a unique insight into the information and support business owners need to grow a financially successful business.
Claire passionately believes that every business should be run by the numbers because the numbers in your business are telling you a story about what is and isn’t working and where your opportunities lie. Claire’s mission is to provide insightful management accounts, reports and advice to business owners and support them to make smarter decisions.
*The content of this podcast is for entertainment purposes only and does not constitute professional advice.