Management Consultancy

At VEE AAR Professionals Services, we understand that the ultimate reason why a business spends money on the accounting function is to get timely and accurate financial reports/statements for decision making purposes. Aware of this fact, we endeavor to provide decision ready financial reports that are both timely and accurate, as the end product of our work. We then present them to you in such a manner that you can tell, at a glance, how your business is performing and what exactly you need to do to improve its performance.

The specific financial reports we can provide for you

We, at VEE AAR Professionals Services, can help you in the preparation of your business’ profit and loss (also known as income) statement for any period of time. We can also help you in the preparation of your business’ balance sheet as at any given point in time. Further, we can help you with cashflow statements, accounts payables and accounts receivables… In a nutshell, we can help you in the preparation of every financial report that is necessary for your business’ management decision-making.

We can help you in the preparation of these decision ready financial reports on a weekly, monthly, quarterly and/or annual basis. We use software tools that make it possible for us to produce the various reports for pretty much any period of time you request. For instance, if you want to know how much (exact) profit your business made on a certain specific day, we are able to provide just that. If you want to know your business’ financial standing (in terms of assets, liabilities and capitalization) at any given point in time, we are able to deliver just that…

Outsourcing financial reporting vs doing it in-house

You have only two options in terms of how you can get those financial reports/statements prepared. The first option is that of having an in-house accounting department to prepare them. The second option is that of outsourcing the preparation of those reports/statements to a firm like VEE AAR Professionals Services. The second option has potential to save you considerable sums of money. That is because the amount of money you pay us for this service is typically just a fraction of what you would otherwise have to pay an in-house accounting department. Further, when you outsource this function, you are assured that it will be done in the best possible manner. That is because it is something we do on a day to day basis for a wide variety of businesses. Therefore it is something we have developed great experience and expertise in. And it is our core business: which we endeavor to perform in the best manner possible.

The process through which we develop the decision ready financial reporting service to you

The first step is that of giving us access to the source data we need to prepare the decision ready financial reports. We have well-developed systems through which we can conveniently (and securely) access the data: which could be anything from POS data, invoices data, bank account data, customer correspondence data… and so on.

The second step is that of us working with the data, to prepare the decision ready financial reports. We have highly trained and experienced experts as well as advanced software tools through which we are able to do this analysis in a timely and accurate manner.

The third step is that of sending you/giving you access to the decision-ready financial reports. We can even go further and help you in analyzing the reports and making various inferences from them.

Decisions you can make on the basis of the financial reports we provide to you

One decision you can make on the basis of the financial reports we provide to you is on areas you need to put more effort in, so as to improve your business’ performance. For instance, the reports may show you which of your products are most profitable: meaning that those are the products you need to pay great attention to. They may conversely show you which of your products are least profitable: meaning that those are the products on whose marketing you perhaps need to invest more. They may also show you who your most profitable and least profitable customers are – in order to know which accounts to devote more resources to…

Another decision you can make, on the basis of the financial reports we provide to you is on areas you need to divest from. These may be areas where you are sinking lots of money and effort on without appreciable returns. The reports make all these clear in black and white.

Yet another decision you can make, on the basis of the financial reports we provide to you, is on whether or not the entire business venture is sustainable. Things like the profit and loss (income) statement, balance sheet and cashflow statements we prepare for you can make this decision easy to make at any given point in time.