Need timely management accounts? Businessmaster offers a solution so you can ride out the doom and gloom.

The recently released bi-annual PricewaterhouseCoopers Private Business Barometer Report highlighted the fact more than half of Australia’s private businesses have compromised their ability to act quickly and decisively by failing to complete management accounting reports within a week of month end.

This is despite the fact that over 60% of business owners nominated planning and forecasting as a key challenge to ensure their business success.

Management Accounting tools provided by Businessmaster budgeting and planning software allows small businesses access to timely, accurate management accounting information usually limited to those using larger, corporate systems.

David Egerton-Warburton, Managing Director at Businessmaster, concurs with the PWC survey results. “We see many people who struggle because they focus, too late, on historical financial data rather than improving their business process to gain access to current information,” said David. “Businessmaster can provide a light in the darkness as our software allows for such key indictors as timely forecast to actual reporting.

Perth-based budgeting and planning software developer Businessmaster is focused on providing a solution. “Businessmaster provides the daily access to the type of financial information that you need to make informed business management decisions, while still managing your daily financial needs.”

Businessmaster budgeting and planning software features include cash flow to actual comparisons, cash flow projections and dash board snapshots of current financial status. This allows Businessmaster users to remain in control of their business finances providing relevant business performance reports aiding decisive decisions.

 

To find out more read our FREE Reference Guide on managing your cash flow or request an online demo or speak to the people at Businessmaster about how your business will benefit from better cash flow management.

 

Note:
The PricewaterhouseCoopers Private Business Barometer is based on interviews conducted in August 2008 by East & Partners with a structured sample more than 750 organisations with an annual turnover of $10 and $100 million annually. The Private Business Barometer report, fourth Edition was published in October 2008 by PricewaterhouseCoopers. A full copy can be downloaded from their website