Lack of Financial Control

The lack of financial control manifests itself in a number of ways:

• Spending is out of control.
• No visibility of cash flow.
• Payment of suppliers is haphazard. There is no planned and controlled payment schedule for suppliers.
• Not accurately knowing how much your customers owe you and when it is due.
• No effective credit control.
• Not knowing how much profit the business has made or lost!
• Not having the information needed to analyse which customers or products/services generate the most sales and contribute the most to profit.
• Not being able to analyse costs and initiate cost reduction initiatives.
• Late submissions of accounts/Vat returns/PAYE returns often resulting in fines and penalties.
• Higher end of year accountancy fees as their cost is time based. If there is a mess to unravel more time will need to be spent on the accounts and hence the higher cost.

Amel (UK) can offer a solution to each of these problems. We will recommend a good accounting system which will give you back the financial control that you need for your business.