Browse methods
Finance - F7

Establish Financial Reporting

This Method shows you how to measure every aspect of the money that flows through your business, providing early warning of cost and income problems.

The purpose

Learn how to find the real drivers of future financial performance and report on them as they occur, with key data, trends and forecasts analysed.

Summary

Runagood® Business Methods are online, practical instructions that have been created by business owners who’ve successfully implemented them before.

You can select from their recommended actions, assign responsibilities, set times and budgets, track progress and share and discuss the work remotely with colleagues and your Business Advisor, all from any device

Steps included in this method

  • Getting Ready
  • Financial reporting has no predictive value unless it starts before any sale has been made.
  • The pre- financial measures to measure
  • The following measures can be manually compiled
  • Point of sale measures
  • Profits and losses
  • Balance Sheet
  • Financial analysis measures
  • Forecasting finances
  • Post-sale measures