What the work covers
An accountant records what has happened. This work uses those numbers to plan what comes next, for businesses that do not need a full-time finance head.
- Monthly MIS: profit and loss, balance sheet, cash flow and agreed indicators
- Budget and actual comparison, with variances explained
- 13-week cash flow forecast and working capital review
- Annual budgets and financial projections
- Projections and CMA data for lenders, and financial information for investors
- A compliance calendar across GST, TDS, income tax and ROC
- Internal controls and accounting systems
How it runs
The scope is written down, with a list of monthly deliverables and a date for each. A regular review meeting follows the month's numbers. The work depends on books being kept up to date, so it is often combined with bookkeeping.
Limits of the engagement
The firm prepares financial information for lenders and investors but does not arrange loans. Where the firm is the statutory auditor of a business, independence rules restrict the services that can be provided to it.
Discuss finance support
Enquiries by telephone or email are answered during working hours.