Finmil believe that at least 80 percent of the success of managing and running a filling station is effective financial management; considering cash flow; mitigating variances to budget; and making sure that cost centres and expenses are well controlled.
Back in the day, month-end financial reports at filling stations consisted of an income statement, balance sheet, and maybe a cash flow statement. These three statements made up your financial-management statements for month-end reporting. Technology has advanced and people are smarter about tracking trends, analysis, and operations, so your filling station month end financial statements should include much more.
When you have an accurate overview of your business today – you can take better decisions for tomorrow.
Examples of key elements of Finmil-prepared monthly management statements
Finmil cannot overemphasize the importance to the dealer of receiving proper monthly management financial statements and finding time to go through these reports; making sure there is awareness; quickly identifying and resolving any queries; and making all the shareholders very aware of any important financial implications.
Finmil is well known by financial institutions such as the National Empowerment Fund, banks, and the Industrial Development Corporation, etc.: as they receive our monthly financial statements on behalf of their funded dealers.
Finmil-prepared monthly financial management statements will also assist in strategic tax planning and reducing the cost of your yearly audit fee. Finmil is a registered accountancy company that can sign annual financial statements and submit all statutory tax returns.