Controller Services

To optimize business growth, managements must not only identify how the business has been performing but also be able to interpret information that will help the business go forward in the anticipated path. Management accounting services from MNCO provide clients with important industry relevant data about their company such as detailed profit and loss reports for a set period, cash flow projections and analysis, inventory tracking reports, budgeted expenditure versus actuals and profitability to help them confidently make informed decisions.

Financial statements are prepared for a variety of reasons including tax returns, internal audit, bank loan applications or strategic planning exercises. However, it can be time consuming, requiring dedicated experts who can handle accounting processes easily. MNCO provides comprehensive financial statements for clients, with data drawn from bookkeeping, income statements, cash flows, tax returns and balance sheets.

Financial planning involves budgeting and forecasting to help businesses make informed decisions; while budgeting quantifies business expectations, forecasting estimates future revenue. Both these financial planning techniques go hand-in-hand and are essential for the survival and growth of any business. MNCO analyses current and future fiscal circumstances and uses industry approved techniques to provide the client with accurate support in creating budgets and financial forecasts aligned with their business objectives.

Financial MIS (Management Information Systems) enables senior management to interpret accounting data in an easily understandable format, in order to accurately ascertain the status and progress of the business from a financial perspective. These reports are generated weekly, monthly or quarterly in a predetermined format specific to the requirements of individual organizations. MNCO analyses data and prepares MIS reports with complete and accurate financial information, complying with all regulatory and statutory bodies on behalf of their clients.

Credit control has a dual purpose: to increase business profits by extending credit to worthy customers and to minimize risk by disallowing credit to those who are not credit worthy. This ensures improved cash flow for the company through prompt payments by customers, and better financial discipline. MNCO analyses data outsourced to it, and on behalf of their clients, conducts in a manner compliant with all regulations, a complete structured analysis of a customer’s creditworthiness to minimize risk and increase profitability.

Smaller organizations and start-ups generally cannot afford a full time CFO due to resource and budget shortages. Such a scenario opens up the possibility of outsourcing this position by hiring a Virtual CFO who will oversee all the functional duties and responsibilities of the CFO at an affordable cost. As an experienced financial outsourcing service provider, MNCO will undertake financial planning, oversight of financial activities and management of financial risk to provide strategic business advantages to small and medium enterprises.