ENHANCING YOUR PROFITABILITY THROUGH CONTROLLING COSTS AND ANALYZING DATA
The main objective of running a business is to return a satisfactory profit. And the success in meeting this objective can hinge on critical details like controlling costs, maximizing efficiencies, and analyzing financial data to grasp trends and meaningful cost/volume relationships.
Traditional, basic or tech-focused accounting services often overlook crucial details of and the understanding behind your transactions that can lead to oversights costing thousands of dollars. ABR has a wealth of experience in the membership-based franchise environment that gives it a unique perspective in identifying cost savings and understanding the underlying data that boost your bottom line. Let ABR show you how the right partner can inject renewed life into your finances to improve profitability.
ABR can enhance your profitability through:
- reconciliation of daily revenue to confirm that all revenue is being credited to your bank account
- ensuring that all dues are being processed
- cash projection and management
- profitability budgeting/forecasting
- review of vendor/landlord contracts/agreements to ensure that all applicable items are being and have been billed correctly
- loss prevention tracking of discounts, refunds, waived dues, frozen accounts
- examination of physical inventory counts/shortages which could highlight inefficiency or theft
- establishment of budgetary guidelines and purchasing parameters for supplies and inventory
- cost metrics that could illuminate inefficiencies
- verification of payroll input for accuracy
- review of the annual landlord CAM reconciliation to ensure that calculations/charges are proper
- periodic audit of transactions
- internal controls to safeguard assets
- review of payables invoices for accuracy/validity
- review of chargebacks for accuracy/validity
Contact us today to find out how your business can enhance its profitability.