Documents related to 'evaluating the finance function'
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Indexing management accountsNearly the entire focus of management accounts is performance against budget and looking at the reasons for variances. However, comparisons with how you were doing this time last year, i.e. "growth", are also critical. Addin... Read more
02 Jan 2013
Project reportMost businesses have a number of projects in progress at any time. When any project is large or important enough to have a major effect on the business's performance (profit or cash), there should be a separate report presented with the ... Read more
02 Jan 2013
Bank charges calculatorAs you don't get a bill from the bank manager for bank charges, they are often overlooked as a cost. What can you do to make sure you pay less?Carry out an annual bank charges audit You can carry out an annual bank charges aud... Read more
10 Dec 2012
Transfer pricing templateTransfer pricing isn't just an issue for global companies trading with each other across borders. It's based on the principle that transactions for goods or services sold between related parties, such as between two connected c... Read more
02 Jan 2013
Sales mix calculatorWhether your company sells products or provides services, your sales are unlikely to be comprised of a single line. It's more likely that the company sells a range of products or services and it's equally likely that the gross profi... Read more
02 Jan 2013
Capital investment proposalCapital investment in new equipment or facilities is usually a significant sum. It could be funded from internal resources or it may require a new source. In either case, a well thought through proposal will ensure that you... Read more
02 Jan 2013
Pareto analysis spreadsheetMany of your daily work problems don't have a single root cause, rather several quite separate contributing factors. You can use Pareto analysis to analyse this cause and effect.The 80/20 rulePareto analysis is the method of ... Read more
02 Jan 2013
Target costing templateIn tough times, calculating your prices by adding a profit margin to cost can result in your products becoming uncompetitive. However, you might be able to beat your competition by using target costing to help set prices. What ... Read more
10 Dec 2012
Premises move budgeting toolIf you've been asked to come up with a budget for the cost of physically moving the company, what should you include in it?Associated costsThe key to a successful move is meticulous planning and good communication with ever... Read more
02 Jan 2013
Spouse's job descriptionA business can pay a salary to the spouse or other family member of its owner if they work for it. Having a formal job description will help justify the amount paid if HMRC decides to challenge it.spouse's payThe wages paid to a... Read more
03 Apr 2020
