Has financial information been provided to the meeting so that each person attending walks away understanding how their area of responsibility and the business as a whole is performing and how it needs to perform financially in the month ahead? A simple monthly profit and loss calculation – sales, gross margin and operating profit margins should be available with year to date and same month last year comparisons is a good place to start. Keep it simple to begin with, use what the financial system you have has to offer in terms of standard reports. Remember – rubbish in leads to rubbish out, so it is worth looking into those reports to pick up how well your bookkeeping is being recorded. Small businesses often don’t make full use of the capabilities of the book keeping software they have. This is straightforward to fix. As businesses grow, the range and depth of the monthly analysis and target tracking can expand. Start by keeping it simple and building on the habit of looking closely at least every month at what the financials are with the people you hold accountable. A business advisor will help you to decide what is important to focus on, summarise the key financial information on one page and provide versions which can be shared within the business.