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Cooper Financials management account example
- 2. “Example” by
- 4. Monthly Overview What Is Happening? July 2020 June 2020 Turnover £120,217 £104,532 Overheads £90,319 £89,117 Profit £29,898 £15,415
- 5. Monthly Sales Figures Sales Overview YTD: £212,672 0 5000 10000 15000 20000 25000 30000 35000 40000 45000 50000 July June May April July What Is Happening?
- 6. Monthly Expenses Total Expenses $90,319 65% Advertising 3.5% Product Costs Advertising Salaries Software Subcontractor Product Other What Is Happening?
- 8. Where Are We? • Steady increase in subcontractor costs over the months • Steady increase in advertising costs over the months • Overpaying Zoom Software • Large receivables that need chasing Current Findings
- 9. Where Are We? Accounts Payable Current 1 month 2 months 3 months Older Supplier A 40000 1000 900 Supplier B 25000 3000 Supplier C 5000 15700
- 10. Where Are We? Cash Cash on Hand Bank Account: £97,325 Other Accounts Receivable: £72,458 Tax VAT: £63,354 Corporation Tax: £18,920 £87,509
- 11. What is likely To happen?
- 12. Sales Pipeline Once we learn more about your company we can understand the sales pipeline, and give forecasts of sales based on the current data that we have. Here we can also create a cash flow forecast, if applicable.
- 13. Actionable Items
- 14. To Do 1. Update invoicing branding 2. Chase receivables 3. Connect new bank account to Xero … Etc.