Let’s look at The Numbers That Matter to you, your family and your business…

Through our extensive knowledge as chartered accountants and business advisers, our team have helped hundreds of business owners to improve the quality of life for themselves and their families. We know what works and what doesn’t – and we love sharing this knowledge with our clients.

When you become our valued client, you will receive a ‘Numbers that Matter’ folder. Everything we do at Enhance Accountancy is based around this unique and powerful performance measurement and improvement system.

The Numbers that Matter process helps you to visualise…

1) Where I am now
2) Where I want to be
3) How I am going to get there
4) My progress so far

Where I am now

It is vital that you (and we) get a clear picture of where you are now. We delve deep into the key figures that describe you personally, your immediate family and your business (whether that be a Limited Company, Sole-Trader or Partnership).

Measurement tools we use at this stage:

  • Year End Accounts – Profit & loss report, balance sheet, notes and tax returns (the same documents that are submitted to HMRC and Companies House each year).
  • Management Accounts – Interim financial reports (profit & loss, balance sheet and other measures) that give an accurate picture of business performance and position without having to wait for the annual accounts to be prepared.
  • Business Valuation Report – We identify the approximate value of your business now.
  • Personal Balance Sheet – A snapshot of your current personal net worth.
  • Non-Financial Measures Report – We consider all of the things that matter to you (e.g. number of hours working versus hours spent with family).

Where I want to be

It goes without saying that, in order to get somewhere, it helps to know where you want to go. We help you to visualise and quantify the life that you want for yourself and your family. In doing so, we guide you in setting realistic, ambitious and specific financial and non-financial targets that will help you to get to where you want to be.

Measurement tools we use at this stage:

  • Target Profit & Loss Figures – The business performance figures you want to achieve (sales, cost of sales, gross profit, overhead expenses and net profit).
  • Target Balance Sheet Figures – The financial position you want your business to be in (assets, liabilities and capital/equity).
  • Target Business Valuation Report – How much you want your business to be worth when you come to sell it or pass it on to family.
  • Target Personal Balance Sheet – The assets that you want at a specific date (e.g. retirement) to enable you to have the quality of life you hope for.
  • Target Non-Financial Measures Report – How many more hours do you want to spend with family each week? How many holidays do you want to have? etc

How I am going to get there

This is where it really gets exciting!

Our team have the professional knowledge and the tools in place to identify many improvement opportunities for your business. All of which, combined, will get you and your family to where you want to be.

Measurement tools we use at this stage:

  • One Page Plan – to look at your personal and business Key Performance Indicators (KPIs).
  • Business Growth Opportunities Report – to look at ways of improving those KPIs.
  • Tax Saving Opportunities Report – We will identify various tax planning opportunities for you and your business.
  • Action Plan – identifying the specific actions to take, when to do them by – and who will be doing them.

My progress so far

After identifying where you want to get to, along with how you are going to get there, it is vital that there is an ongoing progress monitoring process in place. For this reason, we develop progress reports that do exactly that. Are you on target still? If not, why not? What are we going to do about it together? The process is fluid.

Measurement tools we use at this stage:

  • One Page Plan Progress Report – to look at all of your current KPI values and provide a visualisation of how far along the process of meeting your targets you are (individually and within the business).
  • Trend Report – comparing changes in KPIs over the months and years.
  • Action plan update – Changes required to the plan will be documented.

Let’s work on the numbers that matter to you

Get Started

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