Monthly Reporting

Do you know where your business is heading? Do you want to know how to get your business to go better during the year rather than waiting until the end of the year to find out your business is nearly broke? You need Monthly Reporting.

Why choose us?

We know Monthly Reporting inside out. It allows us to get close to your business and provide you with guidance as to where to steer your business. Our expert team can help you get the best outcome and ensure your business wealth and prosperity is growing every month.

At Stephen Larsen & Co your business prosperity takes first place in our thinking and everything we do for you. We take total care of your Accountancy & Taxation requirements ensuring you are compliant in every area giving you complete peace of mind.

What our clients say:

     "We have really appreciated the monthly reporting service supplied by Stephen Larsen and Co. It has kept us up to date with our expenses, our budget, gross profit and general direction of the business. Without this monthly reporting we would be ‘flying blind’ to a certain extent and could end up in a very vulnerable position. We have always found all queries are answered effectively and in a timely manner."

    Distributor/Wholesaler  

 

     "We find Stephen Larsen & Co’s monthly reporting very good. It gives us a clear dashboard of actual versus budgets of our sales, GP and expenses. Constant ‘mini-monitoring’ warns us as to anything potentially off the tracks early on, which in turn gives us time to correct the trend if required, rather than a nasty surprise when we come to do our 6 monthly accounts. Also enables us to ruthlessly monitor expenses. The graphs are clear and easy to read, and coupled with Steve’s clarity of explanation on the monthly GTM helps our key staff to clearly monitor progress and setting meaningful budgets moving ahead."

    Importer

 

     "At the beginning of this calendar year I enquired from my accountant Stephen Larsen what service he could provide us with so we knew exactly where we were throughout the year to avoid reaching the end of the year to find our expenses had blown out, and our GP had dropped and consequently the breakeven we thought was correct was in fact a lot higher than we were counting on.

As a result we now provide him with monthly actual accurate files from our accounting system which Stephen then loads onto a spread-sheet next to agreed budgets so we can compare what each expense for the month was against that budgeted, actual sales vs budget and actual GP vs budget. A red cross goes where we’ve erred and a green tick where we have succeeded along with a % and dollar figure showing the difference.

As well as that each member of the team has been allocated a group of expenses and their budgets and they are responsible to keep within that budget as one of their KPIs. This has worked a treat as the whole team is now very conscious of every cent of expenditure and this has had amazing results with our expenses virtually running at dollar to budget in the first 5 months of this financial year and our GP also on budget due to more care not to lightly discount. Also Stephen provides us with a rolling accurate P & L and balance sheet every month along with our tax liabilities so we don’t only know net before tax profit but after tax net position. In the old days we used to wait for three months after the financial year had ended to find all this information and it was too late to do anything about it!

In the 3rd week of every month we have a GTM where all this information up to the end of the previous month gets presented to the directors on screen and we go through it line by line. This whole exercise is having a noticeable effect on our P & L and balance sheet and we’d like to recommend to all clients to take advantage of this great service…and it doesn’t cost…it pays and makes annual accountancy fees a lot cheaper as well. "

    Importer/Reseller 

 

FAQs

Q: Why do I need to do Monthly Reporting?

A: As you can see in the testimonials above, Monthly Reporting is critical to ensure your business is heading in the right direction every month.  In today’s business environment you need to keep your finger on the pulse all the time.  Business conditions are changing constantly and it’s vital that you understand your financial performance and position like never before.  Constant monitoring and reporting of results ensures you stay focused on your goal for the year.  If things start going awry you can pick them up quickly and take corrective action to ensure things don’t get out of control.  Let us help your business forward with monthly reporting.

Q: What information do I need to provide you with?

A: For us to be able to do monthly reporting for you, you must have your own in-house Computerised Accounting system which is totally up-to-date before being sent to us.  This means your Bank Rec’s completed, all Sales entered and Debtors reconciled, all Purchases and Creditors reconciled and Stock records up to date.  We provide you with a checklist each month of all the things you need to remember to do before sending your file to us.  Our clients use a range of different Accounting software so we are familiar with several different types.

Q: How long does it take to get reports back each month?

A: We aim to have a turn around of 3 days to get your monthly reports back to you and if you wish we can arrange a GTM to discuss them or have a face-to-face meeting if needs be.

Q: Can I book an appointment?

A: Yes, and we recommend that you do this. Call us on 06 357 7011 and we can arrange a interview time that suits you. Or click here to book an appointment on-line.

Q: I don’t come from Palmerston North - do we have to have face to face meetings?

A: We service clients from all over New Zealand and use GoToMeeting to conduct meetings with our clients to discuss the results.  For those clients nearer to Palmerston North we can have face-to-face meetings either at our offices or yours.

Q: How much does it cost?

A: The million dollar question!!  It varies depending on what level of services you require from us.  Call us today to discuss your situation and we will give you a free no-obligation quote.

We look forward to your call and working with you.