We offer weekly and monthly meetings with our clients that are non-negotiables. We make sure that you know what’s going on in your business today, and help you to plan for your business’s future. We map your business game plan and assess your business’s monthly performance and annual financial statements. We ask the question: What do the numbers in your management statements mean?
What is Advanced Reporting?
How does Digital CFO™ do Advanced Reporting?
Why is Advanced Reporting necessary?
How can Digital CFO™ help you with your Advanced Reporting?
This offering includes a monthly report pack where we combine visualizations, management accounts and our insights into a PDF report for your business. An easy to understand and use report that will give you a better understanding of what happened in your business the previous financial period.
Advanced Reporting, accounting and business solutions offered in Sandton, Bryanston, Johannesburg, Heidelberg and across South Africa.
By adding graphs, forecasts, tax estimates, benchmarks and any other financial statements you need you can make sense of what is going on and what you need to do now to change the trajectory of your business.
We do a quick consultation on what your needs are in terms of an accounting partner. Or we can do a short analysis of your business and help you establish your needs.
We suggest an implementation plan & solutions that suit your industry and business model. We offer you a blueprint when you onboard on how your business could run as effectively as possible.
We start streamlining your processes and systems, from where we can give you some advanced reporting. We teach you how to read the numbers and gain insight on how to manage your finances more effectively.
Accounting is the interpretation and presentation of that data to business owners and investors.
Accounting typically consists of:
financial statements and reports
analysing business performance
Bookkeeping focuses on recording and organising financial data. Bookkeepers working for smaller businesses might do some basic accounting duties.
Bookkeeping typically consists of:
receipts and bills
recording business transactions
A budget is an estimation of income and expenses over a specified future period of time and is usually compiled and re-evaluated on a periodic basis.
And Forecasting is a technique that uses historical data as inputs to make informed estimates that are predictive in determining the direction of future trends.
Business management focuses on the organising, planning and analysing of business activities that are required to efficiently manage and run a business.
Financial management is strategically planning how a business should earn and spend money. This includes decisions about raising capital, borrowing money and budgeting. Financial management also involves setting financial goals and analysing data.
A debt collector is a company or agency that is in the business of recovering money owed on delinquent accounts.
A financial statement is a report that shows the financial activities and performance of a business.
There are four main types of financial statement:
Balance sheet: a snapshot of your business’s financial condition at a single point in time, such as 31/12/2016. Shows your business assets, liabilities and owner’s equity at that time.
Profit and loss statement: also called an income statement. Shows your business’s revenues, costs and expenses over a period of time, such as 1/1/2016 to 31/12/2016.
Cash flow statement: also called a statement of cash flows. Shows changes to the cash coming into and out of your business over a period of time. Only records cash (not all income). Shows whether you can cover short term expenses like bills and payroll.
Statement of changes in equity: also called a statement of retained earnings. Shows changes in the equity of your business for a set time period. In other words, changes in how much money your business keeps (rather than pays out to shareholders).
Combined, these statements provide a good view of the financial health of your business.
Payroll is the compensation a business must pay to its employees for a set period or on a given date.
Taxes are mandatory contributions levied on individuals or corporations by a government entity—whether local, regional or national.
A compliance officer is an employee of a company that ensures the firm is in compliance with its outside regulatory and legal requirements as well as internal policies and bylaws.