In today’s competitive environment, understanding the intricate details of a business’s cost structure and making informed decisions based on accurate data are crucial to staying ahead. We specialize in the following areas, which we believe could greatly benefit your organization:
1. Compiling Cost Records and Setting Up a Cost and Management Accounting System
A well-structured cost accounting system is the backbone of any business’s financial health. We can help you set up a comprehensive Activity-Based Costing (ABC) system that accurately tracks and records costs, ensuring that a business has clear visibility into every aspect of its operations. This foundation will enable the business make more informed decisions and drive efficiency across the business.
2. Conducting Cost Analysis to Improve Business Performance
Beyond just tracking costs, we offer detailed cost analysis services that identify areas where a business can improve profitability. By analyzing the business’s cost data, we can provide insights and recommendations that will help the business optimize processes, reduce waste, and ultimately increase its bottom line.
3. Assisting with Budgeting and Forecasting
Proper budgeting and forecasting are essential for achieving long-term financial success. We can assist in developing realistic budgets that align with a business’s goals, as well as creating forecasts that help the business anticipate future challenges and opportunities. Our goal is to ensure that our client businesses are always prepared for what lies ahead.
Read more about Activity Based Costing and Management Accounting and their uniqueness in providing you valuable business insights that will benefit your business, in the section Actvity-Based Costing’s Significance
4. Dashboards and Reports in Power BI
We can also prepare custom dashboards and reports built in Power BI which can provide you a both the Key Performance Indicators (KPIs) of your business and detailed drill down into the activities that impact the performance of your business. A sample report is displayed in the section Power BI Sample Report.
We would welcome the opportunity to discuss how we can support your business in these areas. Please feel free to contact us at 1-604-767-2583 or [email protected] to schedule a meeting or to ask any questions you may have.
* Our services are restricted to small businesses in the Metro Vancouver and Lower Mainland of the Province of British Columbia, Canada only. We do not provide taxation, payroll, or audit services.