Management reporting is reporting business’ results, issues, and risks to the shareholders to reveal the overall performance of a company. A management report could include revenues, net margins, customer acquisition costs, customer lifetime value, and customer satisfaction rate.
Some of the questions that Management Reports are aimed to answer include:
- Is the company meeting its key performance indicators (KPIs)?
- Are the services priced right?
- Who are the company’s most profitable clients?
- Does the company have room to hire more employees?
- Where and how much should one spend on marketing?
Why Management Reporting is Needed?
Management Reporting is essential to a company’s performance. These reports are sent to managers, executive management, and governance bodies on a monthly basis so that shareholders can make key decisions about the company’s performance and take steps to benefit the company.
Management Reports are also evolving to include relevant information about external environment such as customer preference and regional market shifts influencing the company’s performance.
Why Bluebox?
Management Reporting should be handled by a sharp thinker with impeccable analytical skills. This is where Bluebox comes in. We provide a team of experienced accountants who can produce accurate and timely management reports by interpreting reported numbers and financial statements, identifying trends, and exercising good judgement to come up with solutions.
Our experts can also identify flaws and opportunities in your company and help you make the most out of the situation by providing value-added advisory.
Accounts Receivables Management
As the firm’s operations expand, the account receivable-related accounting work that the Singapore company requires becomes the responsibility of a qualified individual.
Statutory Reporting
There are several basic statutory reporting requirements that all companies in Singapore must follow. These requirements can be divided into two categories. The first category comprises of data that needs to be submitted to the Inland Revenue Authority of Singapore (IRAS).
Bookkeeping
The Singapore Companies Act mandates that all Singapore-based companies maintain accurate books of accounts. Bookkeeping is essential for day-to-day account maintenance and also for business decision-making and financial management.
