When you're busy running a business, it's easy to spend most of your time dealing with what's immediately in front of you.
Customers need attention. Staff need support. Suppliers need paying. Jobs need completing.
Sometimes you need to step away from the day-to-day work and ask:
How is the business actually going?
That's what a Business Performance Review is designed to help you do.
What Do We Look At?
A Business Performance Review can include:
sales and revenue
profit margins
major expenses
cash flow
business trends
budget performance
areas performing well
areas requiring attention
progress towards your business goals.
The purpose isn't simply to produce another report.
It's to have a useful discussion about what is happening in the business and what you may want to do next.
When Might You Need a Business Performance Review?
A review may be useful if:
sales are growing but profit isn't
expenses seem to be increasing
cash always feels tight
you've recently expanded
you're considering employing more people
business results are different from what you expected
you haven't reviewed the numbers properly for some time
you simply want a clearer picture of how the business is performing.
How SKC Accounting Can Help
We can bring your financial information together, identify important movements and discuss what they may mean for your business.
Our review can include:
profitability review
revenue and expense trends
cash-flow discussions
budget comparisons
business objectives
operational observations
areas for improvement
practical actions to consider.
Common Questions
Can't find your question? Email us.
How often should I review business performance?
It depends on the business. Some benefit from monthly reviews, while quarterly reviews may be enough for others.
Is this different from receiving management reports?
Yes. Management reports provide information. A Business Performance Review focuses more heavily on discussing that information, understanding what is driving the results and considering what action may be appropriate.
Continue Learning
What Should I Review Every Month in My Business Accounts?
Which Products, Services or Customers Are Actually Making Me Money?
My Revenue Is Growing but My Profit Isn't — What's Going Wrong?
Is My Business Actually Profitable?
Service Delivery Disclosure
SKC Accounting Financial & Advisory Services Pty Ltd trading as SKC Accounting is a licensee of Platinum Accounting Australia Pty Ltd (Platinum). Platinum is a Registered Tax Agent (Tax Agent No. 24683431). Tax agent services, including the preparation, review and lodgement of tax returns, and BAS/GST services requiring registered-agent authority, are provided through Platinum under the applicable engagement arrangements. For more information, please visit Platinum Accounting Australia.
Let’s Talk About Your Business
A useful first conversation starts with what your business does, what is creating pressure and what you would like to improve. Book a Complimentary Initial Consultation to discuss the support that may suit your circumstances.