Running a business can be easy if everything is done the correct way at the right time. Gathering information and preparing business reports is a very hard task, so it may be wise to have someone help you. Our consultants at Amanah are highly qualified and have years of experience in dealing with business reports and all other require services:
- Budgets and forecast accounting
- Customer and Supplier reports
- Cash-flow reports and forecasts
- Profit and Loss reports
- Budget vs Actual reports
- Business plans and forecasts
Budgets and forecast
Budgeting and forecasting are important financial disciplines for a successful business. Budgets and forecasts are detailed financial extensions to the business plan, they set the financial expectations of the business. It also helps with decision-making and where the business will invest its resources and predict business results.
Customer and Supplier reports
Customer and Supplier report is the ledger where sales and purchase invoices, payments and credit notes are displayed so that they can be allocated to one another. These reports allow you to easily locate all possible transactions for a client and have enough information that you can either spot cash transactions that should not exist, or payments allocated to unexpected items.
Cash-flow reports and forecasts
A cash flow forecast is an important way to help you manage your business and costs. It involves using available information to predict how much money you will have coming in and out of your business at any given point. Cash-flow reports and forecasting is important because if a business runs out of cash and is not able to obtain new finance, it will become insolvent.
Profit and Loss reports
A Profit and Loss Report is a report that shows your total revenue, total expenses, and the net income or loss resulting from the two accounts. Your business’ income and costs must always be included in the report on the basis of when work was done and when goods and services were used, not on the basis of when money was received in and paid out.
Budget vs Actual reports
Budget vs actual report shows how well you are meeting your budget for income and expenses. For each type of income or expense, the report compares your budgeted amounts to your actual income and expenses.
Business plans and forecasts
A business plan is a written document that describes your business. It covers objectives, strategies, sales, marketing and financial forecasts. A good business plan can help focus your mind and ideas. A forecast is an important way to help you manage your business and costs. It involves using available information to predict how much money you will have coming in and out of your business at any given point.