Monthly Closing/Breakeven Analysis.....
This is what BMI is all about. It is by far the most important service that we offer to our clients. It is what lets us stand out from our competition. Frankly, we are not aware of any accountant that offers this service. It is the end result of using management accounting and will by far, be your most valuable measuring tool.
Wouldn't it be nice to know, at the beginning of every month, exactly how much income you needed to generate, to pay all of your sales costs, all of your overhead, and earn your planned profit (you do pan profit, don't you?). If you hit the income number but do not hit the profit number, you have exceeded either your cost, or overhead budget. If you hit the income and profit numbers, but you don't have the cash, it can only be tied up in receivables or inventory. BMI's custom Key Indicator report gives you everything you need, without a crystal