Mid Somerset house
Monday to Friday: 9am - 5:30pm
Saturday to Sunday: Closed
Do you have to burn the midnight oil to do your books? Could your time be better spent on more productive activities, such as marketing? Do you know your numbers? These are where we can help.
Great Elm will save you time: the time that you expend keeping doing your own book-keeping is better spent on more productive activities, such as getting and keeping customers or spending with friends and family.
We will help you find out where you are and plan where you are going
Great Elm helps owner managed small business have access to the same management information that is normally only found in large well run corporations.
The problem that many small business owners have is that they don't know where their business is and they don't know where their business is going!
By that I mean that they have no idea what the final destination of the business is: is it a lifestyle business that gives them the chance to do what they want; are they building a business that they can sell; are they building a family business? All of these scenarios will need a different business structure and approach. At Great Elm we help the business clarify what is the final destination.
We then help the owner to find out where they are: it is very common for a small business owner to have little or no knowledge as to position that the business is in at any one time. Often they don't know whether they have made a profit or a loss until they get their accounts back from their accountant after their year-end. That can be up to twenty one months after the beginning of their financial year. That is far too late for them to do anything about it. At Great Elm we ensure that the business's accounting records are up to date and accurate. We can then prepare timely management information so that the owner can monitor how their business is performing and take corrective action. It also means that the owner can make investment decisions from a position of knowledge, which is not typical for many small businesses.
Once we have established where the business want to get to and where it is now, we can help the owner plan, both long and short term, for the goals they need to set and the actions they need to take to take them from where they are now to their final destination. And, with the right management information, we can keep them informed about their progress against those goals and actions.
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Before Great Elm took over our accounting records in 2004, I did not know where we were. My previous accountant and secretary were responsible for our books, but I did not even know what was owed to us. Now, with regular management accounts, we know just where we are and we can plan for the future from a position of knowledge. Gerrard Parsons Managing Director Amdex Solutions Ltd Torquay, Devon
Great Elm Management Services
Frank and Great Elm make sure that my accounting records are in good order. No longer do I have to worry about getting my VAT returns on time and the accounts he produces at the year end mean that my tax accountant can complete my returns and final records quickly without fuss. Graham Walton Partner Graham Walton Publishing Dean, Somerset.
Great Elm Management Services
Testimonials are added by the business owner and are not independently verified.