What reports and analysis will I receive?
We agree the management accounts, commentary, profitability analysis and selected Bearings Indicators around your business needs and the information available.
ProfitIQ™ Management Accounts
Where Is the Money Going?
Understand your profit, cash position and what your business can afford next.
Regular management reporting and a focused discussion of your results, priorities and the decisions ahead.
What you receive
- Management accounts based on reliable records.
- Analysis of material changes in profit, costs and cash.
- A focused set of indicators relevant to your business.
- A review discussion and practical next actions.
How we start
Tell us what your current reports are missing and which decisions you need to make. We review the available records, identify any preparation work and agree the reporting frequency and scope. We confirm any initial assessment fee before undertaking that work. The first paid step is the work defined in your accepted proposal; it begins once the engagement is agreed and the required advance payment is received.
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Your responsibilities and agreed scope
What we need from you
Provide sufficiently current and reconciled records, business context and information about the decisions you face. Make time for the agreed review discussion and confirm relevant assumptions.
What is included—and what is separate
The proposal confirms reporting frequency, analysis, indicators and review discussions. Bookkeeping catch-up, historic corrections, statutory returns and detailed planning are separate unless expressly included.
We agree evidence delivery dates, responsibilities and the work timetable in your proposal. Missing information may affect progress and completion dates. Any additional work and fee are discussed and agreed before we proceed.
Reporting and preparation
What your reporting can include
- Management accounts showing income, expenses, profit and financial position.
- Commentary on material changes, concerns and questions to investigate.
- Profitability analysis at the level supported by your records.
- A focused set of five to seven Bearings Indicators relevant to your business.
- A review discussion to identify priorities and agree practical next actions.
We agree the reporting frequency, level of analysis and deliverables before the engagement starts.
How we get started
- Discuss the problem. Tell us which decisions you need to make and what your current reports are missing.
- Assess the records. We review the information available and identify gaps or reconciliation work.
- Agree the scope. You receive a clear proposal covering any preparation work and the ongoing reporting service.
- Review and act. Once the agreed work begins, we explain the results and help you identify the actions that deserve attention.
Frequently Asked Questions
How often will we review the results?
The reporting frequency and review discussions are agreed in your proposal. We also agree evidence delivery dates so preparation can follow a practical rhythm.
Can you help if my bookkeeping is behind?
Yes. We first assess the condition of the records. Any catch-up and reconciliation work needed before reporting is scoped and agreed separately.
Does every business receive the same reports?
No. We tailor the agreed reporting to your priorities and the quality of the records. Forecasts and additional decision-support work are included only where expressly agreed.