As you grow it is highly likely you will require a different type of accountancy service. One that offers considered advice and corporate planning in addition to carrying out the day to day processing of transactions.
It is crucial you partner with a firm that can not only deliver the basics but also has the experience working with larger commercial organisations.
At C.I.K. Accounting Solutions our forte is improving existing profitability.
How do we achieve this?
We begin with a discovery meeting to gain a better understanding of your business, when and how you started, your strengths and weaknesses, where you are now and where you want to be.
Then we take a deep dive into what your figures really look like:-
1. Can your overheads be reduced?
2. What does your current customer base look like?
3. Can a better deal be struck with suppliers?
4. How can you increase sales?
5. Are you too cheap?
6. Do you know the profit margin of each product or service?
7. What does your credit control system look like?
8. Is there an effective stock control system?
Making a difference is rarely about one big thing, but rather small incremental differences that collectively add up to something that can be significant.