Through boom and bust, BK has continued to help keep us profitable and they are a great source of positive encouragement. Nothing is too much trouble. I would recommend BK without hesitation to anyone in business or thinking of starting a business – BK is a firm of accountants who are professional, knowledgeable, experienced and who will go the extra mile.
Automated Business Reporting
Improving Performance Insights with Automated Business Reporting
Buckley Kiely’s Automated Business Reporting provides an automated process for generating key management reports, tailored to your specific business requirements, at the click of a button.
- Dramatically reduce time spent number crunching
- Eradicate repetitive administration
- Safeguard against human errors
- Increase the visibility of information and
- Improve management decision-making
Why automate business reporting?
Often business reports are either not completed or are generated too late to be effective, due to the time required to pull them together.
Financial Managers can spend hours every month crunching numbers under pressure to assemble Excel® reports required for head office.
Many small to medium business (SMB) owners do not regularly generate formal business reports, and rely mainly on their instinct, verbal reports from staff and piecemeal reports based on bank transactions to form an opinion on how business is performing.
While gut instinct and staff feedback are important, they rarely show the full picture and having factual reports in ‘black and white’ on a timely basis enables business managers to make much more informed decisions for their businesses.
Automating the business reporting process, enables timely, simple generation of a wide range of key beneficial reports.
Business Report Types
- Profit & Loss Statement
₋ for the month just ended
₋ for the year to date
₋ comparing current period and year to date totals with budget
₋ comparing current period and year to date totals with prior year
- Balance Sheet analysis
- Ratio analysis
- Cash flow analysis
- Sales reports
- Sale commission reports
- Expense analysis
- Debtors and Creditors age analysis
It’s been said “a picture paints a thousand words” and this is never truer than when presenting financial data. Pages of numbers can bamboozle the most experienced of financial experts, not to mention, non-financial managers.
Buckley Kiely Automated Business Reporting provides graphical presentation of the reports as an aid to their interpretation.
₋ How sales compare month on month
₋ How profits compare with previous years/quarters/months
₋ How results compare to budgets/targets
₋ Breakdown of sales by product/service, by sales person/team
₋ How your performance compares with industry standards (ratios)
A range of graphical representation options are available and are fully tailored to the business requirements.
Manual vs Automated Reporting
For those SMBs who do generate reports, they are most likely prepared manually in Microsoft®Excel® after the month end process has been completed. Data is pulled from the accounting software e.g. Sage® and the report is manually compiled and formatted for presentation to management. The process is very time consuming. It means that by the time business owners/managers receive the reports the data is old and important decisions are late being made.
The process is also open to human error which makes the data less reliable. Additionally, it can be difficult to maintain consistency and quality of reporting layouts and formatting.
BK Automated Business Reporting provides business owners with the means to effortlessly run their reports directly from their Accounting system. At the click of a button, the reports can be run in real time (as long as the bookkeeping is efficient and up-to-date) allowing for more time spent on analysis and less in report preparation.
The reports are generated in Microsoft®Excel® which is familiar to most managers and the layout and data presented is tailored to the specific needs of the business.
Improved Business Insight
Automated reporting provides vastly improves business insight to key business decision makers, fast!
What Clients Say…
“Buckley Kiely have set up very detailed, customised Excel Reports for us, which has enabled us to evaluate profit margin by department. This [Automated Business Reporting] has completely transformed our monthly financial reporting, making it fast, reliable and so much easier.”
– Melanie Murphy | Director
The Print Works Limited
“Having helped us to identify the information required to demonstrate how our business was performing, Buckley Kiely then set up Excel reports, linked to Sage, to display that information at the click of a button. This has hugely reduced the time we spent creating reports each month and the information is now more reliable, accurate and comparable!”
– Dorren Browne | Director
Rathoneen Limited, t/a White Sands Hotel and Kate Browne’s Pub & Restaurant
Senior Management Accountant
Contact us to arrange a free initial consultation to see how Buckley Kiely Automated Business Reports can improve your business insight.
Click here to download brochure pdf.