Budgeting and reporting
Helping your business grow
Gone are the days of spending countless hours managing your finances in spreadsheets. With the growth in technology and software for businesses, there are far better ways to manage budgeting and reporting.
Simple, hassle-free budgeting with Xero
Creating and maintaining a budget can be simple and effective. There’s no need to manually sift through financial records – which is time consuming and prone to errors. Cloud-based accounting software, such as Xero, automatically records all your income and expenditure, giving you easy access to all your financial and budget information. You can also use Xero to see income and expenditure in graphs and charts.
Diprose Miller is a Xero platinum partner and in 2017 we were named Xero accounting partner of the year. If you’re looking for chartered accounting services to help you make the switch to Xero, or if you’re already using the software and want to get more out of it, talk to us today.
Greater insight and control with business reporting
Business reporting helps you use data about your business to make intelligent business decisions. Business reporting can help you identify problems and opportunities, and adapt to internal and external changes.
Good reporting software gives you access to reports all year round, rather than only generating reports once or twice a year. We can help you harness technology to improve reporting. We also look beyond the numbers and identify how you can use your reports to drive business decisions.
Shed light on performance with Spotlight
Spotlight is an integrated reporting and forecasting tool that gives you insight into your business, to make more informed decisions and improve outcomes. It’s a powerful reporting tool that gives you visual reports and actionable insights.
We work with clients to use Spotlight reporting to grow their business and increase revenue opportunities.
Creating meaningful budgets
Whether you employee three people or 30, if you want to make profit and grow your business, you need a budget. A budget can show you a forecast of income and expenditure within your business and, therefore, profitability. A budget can be a useful tool for effective and informed decision making, and can allow you to monitor and manage business performance.
When it comes to budgeting, it’s about knowing which numbers are important. This includes:
- profit and loss reports – are you making money or losing it?
- balance sheets – what’s the difference between what you own, and what you owe?
With these numbers at hand, you can create a meaningful budget.