Strategic Planning Other Issues
Business Advisory Services Updates
There are numerous other areas in the strategic planning process in which accountants can assist SMEs, including:
- Review of charge out rates being utilised by tradies to ensure that the charge out rates will ensure that, if productivity is in accordance with the estimates, the targeted profit will be generated.
- Review of retail businesses’ expectations of product mix and mark-ups relative to those various products to determine whether this mixture of products and various mark-ups will generate the targeted profit.
- Review of the operation of a professional service’s firm to determine whether the charge out rates, in conjunction with the productivity expectations of the team, will be sufficient to generate the targeted profit.
- Preparation of monthly financial accounts, on a departmentalised basis, so that the manager responsible for the department receives a financial report on that department.
- Facilitating the organising of a monthly or quarterly business review meeting to consider all operational issues including finance applicable to the business.
