Important as it is, no one does bookkeeping for the sake of bookkeeping.
Your business needs bookkeeping because it produces financial and management information that measures business performance and helps you improve it.
Across all of our business clients we help to build a suite of bespoke financial reports that are accessible, understandable and explain the performance of the business.
Reports that help each business to:
Solid and consistent Management Information is a sure way to measure and improve business performance.
The two main categories of financial management information are:
Information that helps you measure and improve profitability includes:
Information that helps you measure and improve cashflow includes:
You can get all this information from up to date, accurate bookkeeping using decent accounting software.
Your business will also generate management information from other areas such as sales, marketing and operations.
It should all join up and be consistent.
Information has never been more accessible and it helps to present information in a digestible way.
But don’t confuse “good looking” with useful!
Most businesses don’t change what they do very often and so the information required won’t change very often either.
Concentrate on producing the right information, consistently, and making sure it’s reaching the right people.
Then, and only then, turn it into a work of art.
For a salutary lesson, read our blog “This must be my profit because it says so on my phone”.
It’s the data and insight that show how your business is performing — covering sales, cashflow, margins, and more.
It lets you run your business proactively, not reactively. You’ll know whether profits are on target, where cashflow stands, and how to grow sustainably.
Absolutely. We build reporting packs around your business activities — not generic templates — focusing on your goals and what drives your success.
Monthly is ideal for most businesses; weekly dashboards suit faster-moving ones. Frequent reviews mean early warnings and quicker fixes.
We help you distribute reports securely via dashboards or summary PDFs, keeping everyone aligned.
Yes. Visual dashboards using Power BI, Google Data Studio, or Xero Analytics make performance easy to understand.
Definitely. Reliable management reports start with accurate, timely bookkeeping.
“Blue Dot have been our accountants and bookkeepers since the very beginning of our business, and have been nothing short of outstanding throughout.”
“Blue Dot Consulting went above and beyond in helping us navigate not only the transition to cloud-based accounting but also in leading our accounts team through a broader period of transformation.”
“I really enjoy working with Blue Dot Consulting — they’ve helped me take control of our financial situation in a practical, no-nonsense way.”
“Having someone in the room that is happy to (in a structured way) challenge the norm and not simply accept that, because things look good, we should stop looking to improve.”
“I’ve been delighted with both the service and expert advice I’ve received from Michael and his team. They take the weight off my shoulders when it comes to my business’s financial requirements.”
“Michael’s straightforward, practical and tailor-made approach was perfect for me and our business.”
We don’t believe in forms, we believe in talking to people, finding out your needs and tailor-making a solution just for you.
Give us a ring on 020 7125 0270 or email us at info@bluedotconsulting.co.uk
Specifically South West London, including:
