Aurora – Understanding Financial Control – In Summary

Achieving Strong Financial Control

Seven Easy Steps

Annual Budget - using stretch budgeting process

Monthly Management & Operating Reporting - using individual designed to  reporting formats that suit your business that report on both performance and position

Monthly Performance Review - using the Monthly Management & Operating Reports to compare performance against budgeted performance leading to corrective actions

Monthly Position Assessment – using the Monthly Management & Operating Reports to assess financial position against budgeted performance leading to corrective actions

Monthly Performance Quarterly Forecast – using our time together as a management team to develop the Monthly financial review to look forward to and plan our financial performance  – Sales, Margins & Costs  – we look forward three months from now – every month.

Monthly Position Quarterly Forecast – using our time together as a management team to develop the Monthly financial review to look forward to and plan our financial position  – CapEx. Working Capital Management (Debtors Days, Stock-Turn, Creditors Days), Debt Management – we look forward three months from now – every month.

Managing External Stakeholders - interacting with our external stakeholders with a planned approach that will ensure continued strong relationships

 

Let’s explore the above one by one  – I promise even if you just read it and never call us – It will help you

 

 

 

 

 

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Alan McGrath – Live with Pat Kenny

Joining Pat was financial consultant, Alan McGrath of Aurora Accounting & Business Services “It’s a long way since the heady days of 2006/2007 when the country at least seemed awash with cash and the environment for small businesses was one of available credit and willing consumers. Nowadays, many small businesses have moved from a position of how much profit they can amass, to one of survival. Over 25% of small businesses fail. So, as a small business, how do you avoid it?” – Pat Kenny

Listen in by clicking here » (move to 26.00)

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Creating structure around business

Financial Control is a core division of Aurora. Our financial control offering is an experience that our client’s appreciate as a significant value adding addition to their business.

They experience – strong financial control in their business. This route to strong financial control offers significant cost savings when measured against the in-house alternative.

We believe that companies should have top class management information and adequate capital and banking facilities to allow them to develop in an orderly way.
Our financial control service offering delivers:

  • Up-to-date Management Information
  • Informed Decision Making Capability
  • Cashflow Management
  • Performance Assessment
  • Cash Management
  • Management Accounting
  • Balance Sheet Management
  • Internal Audit
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Thinking of changing accountant

Thinking of changing Accountant

Aurora offers a new way forward.

We work in partnership with our client
We visit our client.
We engage with our client.
We produce timely accurate accounts.
We meet our client regularly to discuss the business and the accounts.
We measure actual results against the budget.
We help identify areas that require corrective action and improvement in a timely manner.
In summary, we deliver financial control capability to our client giving them real financial information about their company.
We know our service offering is a net contributing service to our client’s business.

Experience the difference.
Contact us today to meet and discuss more thoroughly how our service may be of benefit to you and your business ›