Real time management is important
Business Advisory Services Update
The 52-Week Business Enhancement System enables Accountants/Bookkeepers to deliver “real time services” similar to what many larger businesses enjoy, which will be very beneficial to SME clients.
The weekly performance report is an analysis of what happened in an individual business unit during the week.
Items to be included in the weekly performance report:
Team issues during the week:
non-attendance
accidents
complaints
Business premises:
Problems with air-conditioning/plant and equipment?
Stock delivery:
Were there any problems on stock delivery during the week?
Deterioration of stock?
Standard of products received?
Performance barometer for the week:
Were you happy with the performance of the business unit?
Were any of your neighbours trading at a higher level than they normally do?
What do you believe the reasons for this higher level of trading were?
Weekly profitability report - It is sound management practice to prepare a weekly profitability report for each individual business unit.
The calculations will contain known figures – sales – wages – product purchases but also some accurate estimates because the invoices are not yet been received.
KPIs - A vital adjunct to the profitability report is the KPI for the week, because this can inform management of significant information about what happened during the week:
number of customers
variance from last week
average sale
variance from last week
gross profit percentage
The weekly performance report gives immediate feedback in real-time to the person directly responsible as to how the business unit perform during the week. If a problem has been encountered during the week, remedial action can be taken only a couple of days after the end of the week, which is management control in real-time.
ESS BIZTOOLS has developed product packages to assist accountants/bookkeepers to be able to prepare these reports.
If you would like more information, visit our website www.essbiztools.com.au. Alternatively, contact us on 1800 232 088 to arrange a suitable time for complimentary initial consultation via Zoom.
