Accounting & Financial ReportingFor most accountants delivering your financials is the end game. For us it’s when we really start to work.For a great many enterprises, it’s a sad reality that their regular financial reports seem to be nothing more than very historical looking and matter of fact documents. Documents that are all too seldom used to help fully understand precisely how the business is working and where it is going. And then to pivotally assist in the critical review of current operations and potential new strategies that might be adopted. Which is why, at RDC, we don’t just produce your financials but then go on to fully review them with you … in detail. It’s yet another important facet of our approach to client service that sees us driven by innovation not tradition.
And in this instance, our aim is to ensure that you readily understand the full implication of everything that is being presented. And to equally guarantee that this P&L and balance sheet information gives you a very powerful, practical and timely means of identifying possible business challenges and the means of addressing these. Underlying this financial review is the well accepted wisdom which suggests that there are just four ways to effectively grow a business: Increase the number of customers of the type you want Increase the number of times customers come back Increase the average value of each sale Increase the effectiveness of each process in the business.
Using this conceptually simple thinking, our task is to work with you on the far more complex task of comparing, contrasting and evaluating current financial data against those four growth criteria. That might be as simple as determining if quality sales are more important than quantity sales. Or if the pursuit of high levels of new business is negatively impacting on gross margins. Alternatively, the review may be more intensive. For example, how much can you change your overhead structure? If at all. Just what can be done to adequately fund growth? What is the impact on the business of present debt collection and liquidity ratios and how might we address these? And so on. So, as we always stress, delivering your financials is when we really start to work. But why would any business expect anything less? RDC Accounting & Financial Services …Helping you make key business decisions
Driven by innovation not tradition
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