Management Accounting #3


Two vastly different business clients (one in wholesale and one in retail/service) were faced with very similar problems – cash flow management, tax planning, sales and marketing strategies, equipment finance and capital expenditure requirements, cash flow projections, budget forecasts and customised management reporting.

Mazzcorp Partners management accounting senior management team conducted regular site visits and worked with the key stakeholders and business owners to get a very clear understanding of the main pressure points and issues facing the 2 (vastly different) business models. A set of custom management accounting reports were then designed to allow the senior managers of each company to get a very clear snapshot of their respective business’ key performance indicators (KPIs), cash flow position and a detailed statement of their current financial position.

As each business “obstacle” was ascertained, and a suitable solution put in place to overcome it, the ongoing management accounting process then fine-tuned the recommended solutions and monitored the resultant outcomes to ensure that the forecast results were being achieved. Due to the ongoing relationship and communication that is part and parcel with Mazzcorp’s management accounting services, and changes to the strategy or additional “roadblocks” that were encountered during the implementation phase could be easily and quickly overcome by re-engineering the proposed solution and monitoring any changes to the ongoing business plan.

Management Accounting Services Provided;

  • Budgeting & Cash Flow Forecasting
  • Payroll
  • Bookkeeping
  • GST &BAS Compliance
  • Outsourced Financial Controller
  • Statutory obligations – payroll tax, work cover, superannuation guarantee
  • Operational Business Management & Support Services
  • Financial & Board Management reporting
  • Business Consulting & Planning
  • Financial & Business Analysis

Mazzcorp Partners has a diverse range of Management Accounting clients in various industry sectors, varying in size from small ‘Start Up’ operations, through to mature, medium size businesses and high profile national organisations.

In order to fully understand how Management Accounting can deliver specialist business accounting expertise, insights and strategies for your organisation, call Mazzcorp Partners to arrange an obligation free consultation to discuss your specific Management Accounting needs.

Disclaimer
The information contained herein should not be considered personal financial, legal or taxation advice as it is intended to provide information of a general nature only. The information contained in this document may not be appropriate to your individual needs therefore you should seek specific business or personal financial, legal and taxation advice before making any financial or investment decisions.