Few entrepreneurs use financial planning and analysis of activities.
With the help of these tools, you can not only understand the current state of affairs in the enterprise, but also identify problems, as well as increase profits in the foreseeable future.
One of the most effective tools is financial consulting.
Financial consulting is a set of measures for the management of accounting and tax accounting, changes in financial and management policies, investment processes aimed at a long-term increase in the company's profits.
Financial consulting is divided into several stages, which we will consider below.
Analysis of the current financial and economic state of the enterprise.
The main goal is to increase profits. To do this, the specialist analyzes current financial indicators and ratios, reviews the existing model of accounting and financial management, and helps to optimize the tax rate. Based on the results, the management is provided with an action plan for financial optimization and further planning, such as reducing unprofitable areas and developing profitable ones, revising the management model, etc.
This is followed by the investment valuation of the company.
Companies often need financial injections for full development. It can be both a loan and an investment. To receive these injections, the business needs to provide a report on current financial performance, justify the need for injections and provide a plan for the company's growth.
Financial consulting will help solve all these issues.
If the company is large and does not require new investments, then with the help of financial consulting, you can understand how best to dispose of existing finances and invest them profitably.