BUSINESS AUDIT, BANK AUDIT, AND VAT RECOVERY
The Business Audit
Over a period of thirty to forty hours an in-depth, confidential, Business Audit is performed to identify a companies strengths and weaknesses.
The Audit will touch every area of the company.
The business Audit will establish how each operational / functional area affects the company's profits, cash flow and ability to grow.
In-depth findings and recommendations will be submitted in a formal written and oral presentation that will specifically outline ways to capitalise on the company's strengths and correct the company's weaknesses.
Included in the Audit is an implementation time-table with recommendations for outside assistance, if warranted, as well as a detailed summary of the benefits to be realised after corrections are made.
Why A Business Audit?
- Business Problems Addressed?
- Decaying Sales and Profits?
- Increasing Expenses?
- Poor Cash Flow?
- Swelling Receivables?
- Strained Vendor Relations?
- Quality Suffering?
- Lack of Cohesive Management Structure?
- Poor Employee Morale?
- No Real Plans for the Future?
- Heightening Personal Stress and Pressure?
- "Not having fun anymore."?
Business owners/managers today are in a fight for survival every business day. The issues that are faced are complex and growing in concentration to a point where no owner/manger can "know everything" and must rely on their staff or outside experts to supply them the weapons needed to successfully compete and succeed.
The Business Audit:
Analyses, in depth, over 200 key areas of management in all the functional and operational areas of the company.
Compares each area to pragmatic, accepted management methods used in prosperous small to medium sized business operating today.
Identifies areas, and gives specific recommendations, where management (ownership) can be challenged to make changes that will improve sales, profits, and organisational effectiveness.
Determines estimated cost savings that will be realised by taking corrective actions.
Examples of Areas Covered:
- Sales and Marketing
- Product Depth & Breadth
- Product Profitability
- Product Positioning
- Competitive Analysis
- Customer Analysis
- Pricing
- Advertising and Promotion
- Distribution Methods
- Sales Organisation
- Sales Training
- New Business Generation
- Marketing and Sales Plans
- Customer Service
- Credit Policies
- Business Operations and Accounting
- Planning
- Ownership Goals
- Long Range Plans
- Budgetary Targets
- Management Reporting
- Authority Delegation
- Succession Plan
- Office Efficiency
- Plant/Operations Efficiency
- Clerical Efficiency
- Policies and Procedures
- Paperwork Flow
- Materials Planning
- Purchasing Controls
- Shipping and Receiving
- Capacity Utilisation
- Production Scheduling
- Labour Efficiency
- Machine Efficiency
- Inventory Controls
- Costing
- Variance Analysis
- Quality Control
- Estimating and Pricing
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- Personnel
- Recruiting Policies
- Training Programs
- Employee Policies
- Evaluations and Reviews
- Incentive Systems
- Wage and Salary Levels
- Benefit Package
- Moral and Motivation
- Hiring Procedures
- Exit Procedures
- Organisational Structure
- Management Responsibilities
- Staff Meetings
- Performance Objectives
- Management Training
- Performance Levels
- Growth Plans
- Accounting
- Monthly P&L's
- Yearly/Monthly Budgets
- Variance Control and Analysis
- Departmental P&L's
- Job Costing
- Cash Controls
- A/R and A/P Policies
- A/R and A/P Ageing
- Cash Management
- Operating Reports
- Ratio Analysis
- Credit Line
- Tax Planning
- Profit Levels
- Computerisation
- Management Requirements
- Accounting Requirements
- Clerical Requirements
- Data Handling Requirements
- Strategic Ability
- Financial Reporting
- Report Generation
- Hardware Analysis
- Software Analysis
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Bank Audit
For a free initial consultation contact now
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