Management Reporting - CapitalQ

Management Reporting

As we allude to in other areas of service, we encourage all our business owners to use their accounting systems and record keeping for its true purpose of providing you information and feedback about your business, its position and its performance (as opposed to just being a necessary evil to keep the tax man off your back).

That includes regular reporting.

Of course, your reports are only as good as the data that went into building them. So an accurate, complete and efficient accounting process is a must for your management reports to be of use.

Where we prepare our clients management reports each month or quarter, we agree accounting policies to be employed to ensure the right information is garnered (while also managing the cost of preparation).

Management reporting options include –

  • Monthly
  • Quarterly
  • Bi-Annually
  • Depreciation
  • Amortisation
  • Accruals
  • Provisions
  • Work in progress
  • Uninvoiced revenue

More about Accounting & Tax

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What our customers say

Logo for Michael Gray
Duncan Melbin’s firm first became the business accountants for Exploration Data Services, and my Family, when he was still a Graduate Accountant some 16 years ago. Myself and my late business partner have followed him ever since!

In the early days Duncan was very proactive in regards to fine tuning our business structure and the benefits of getting the structure right early are still flowing today.

Throughout my time working with Duncan he has played a key role in ensuring our tax affairs have always been in order and our tax obligations have always been minimised and well managed.

Duncan has also played a key role in ensuring my Family and I have adequate wealth protection in place and that we have maximised our wealth creation including through a regular superannuation contribution strategy and the use of a self-managed super fund that keeps us engaged, in control and to a large extent free from the perils of the GFC.

More recently we took the opportunity to outsource our entire back office accounting function to CapitalQ including switching our accounting and invoicing to Xero. I now spend barely any time at all on my monthly accounting and Activity Statement lodgements, as CapitalQ have it all in hand. This allows me to focus on running my business better, and frankly to have more time to enjoy the spoils of a life in business.

I work closely with Kapil Bhasin, our Client Manager, and Peter Melbin, our outsourced Bookkeeper, and they are clearly very valuable assets for CapitalQ.

Working with Duncan, Kapil and Peter is very easy, they respond promptly to any queries I have and most importantly I have complete trust in the advice they give me and that my business affairs are being well looked after. I would recommend CapitalQ to any potential client without reservation.

So if you own a small business or are looking to grow your wealth I highly recommend you speak to the CapitalQ Team. They will give you good advice, and ensure you are on track for a sound business and financial future (and outsourcing your back office accounting process to them, and switching to Xero, will be two of the best business decisions you will make).

Michael Gray

Director - Exploration Data Services (Perth)

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