Keeping detailed financial records is crucial for any business. However, it is not always easy to unlock data hidden in your accounts, which could help inform your decision-making and your care home operate more cost-effectively and profitably.
To maximise the value of your financial data, Haslers’ care home specialists in East London and Essex can provide expert accountancy support that goes further than simply keeping your books in order.
As well as advising on bookkeeping – to ensure you keep track of cash coming into and out of the business, enabling you to maintain a healthy cash flow – we can prepare your annual accounts in a way that keeps you compliant with regulatory requirements while providing valuable information for forward-planning and decision-making. We will also time your accounts production to enable you to take advantage of early tax planning opportunities.
We can also provide management information focusing on key issues for care home owners, including:
- occupancy rates
- key performance indicators (KPIs), including staff costs, agency staff, food costs and fees
- reports by individual home
- comparison reports
- performance reporting.
The insight we gain into your business enables us to provide tailored advice to help you do what you do well even better and to improve areas affecting your bottom line.
As your care home business develops, you may be looking for more in-depth advice but not have the resources available to fund an in-house finance director.
We can effectively take on this role for you, giving you access to expert advisers, working as part of your team, as and when you need us.
To find out more about Haslers’ East London and Essex-based accountancy services for care homes, please contact us.