Service Overview

The management information required by each business differs, we do not give a standard strategy to all of our clients. We make every effort to comprehend the unique business requirements and key performance metrics that are pertinent to the client’s industry and organization. Workmania will provide frequent reports (monthly, quarterly, half-yearly, or annual) using our management information system, allowing you to better manage your business and make informed choices. We also pledge to complete the agreed-upon reports within a strict time limit from the period end – this time frame is fully dependent on your requirements Workmania can help you with all aspects of management reporting, including the preparation of a management reporting package (including GAAP adjustments, depending on the reporting standard), the development of an appropriate reporting package, and assistance during budgeting and planning. Outsource with work mania services for management reporting of your businesses, The reports that Workmania will deliver will be agreed upon at the onset and will be fine-tuned as and when needed at no additional expense. Our services, which can be used in whole or in part, comprise the following:

• Comprehensive income, balance sheets, and cash flow statements are provided in detail.
• Profit and loss or cost center reporting
• KPI performance dashboard
• Complete back-up notes for important balances
• Schedules for evaluating vital balances
• Budgeting and variances reporting
• Commentaries that explain things.

Budgeting And Forecasting

They’re usually related, but they’re not the same. Budgeting and forecasting will force you to consider your business model and the impact that changes will have on you.

What is the concept of budgeting?

The budget contains information on the company’s income, expenses, cash flow, and financial position, and it’s usually produced for a year and stays the same.

What is the concept of financial forecasting?

A forecast is a high-level prediction of what will occur, usually consisting of only important revenue categories and overall expenses. Forecasts can be made for a variety of time periods. A long-term projection may be included in your company strategy and may extend several years. Short-term predictions are usually made for operational reasons and might be as short as a week when a company is having cash flow issues.

• Analyze your company’s budget with real-time data that improve budget intelligence and protect profitability.
• Use pre-configured worksheets and reports designed for businesses to cut installation time by up to 50%.
• Increase productivity and accuracy with a finance-specific automated solution.

We can assist you in creating budgets and projections, but what can you do with them once they’ve been created to help you manage your business? We can go over them with you and provide you advice on:

• Will you be able to earn a profit? Is the predicted profit a realistic return, if so?
• Do you require outside funding? If so, how much and what kind of financing are you looking for? Is it better to have equity or debt?
• Does the plan appear to be reasonable?
• What happens if your turnover decreases by 10%? What happens if your company’s turnover rises by 10%?

It is vital that you compare your actual performance to your budget on a regular basis. Variances must be factored into your estimates in order to determine whether you require more Workmania Team or inventory. Will increased sales cause a cash flow issue? Knowing more about your company will aid you in responding to the changing business environment