SERVICES
Finance services,
tailored for golf clubs.
A golf club is a complex ecosystem of land management, hospitality, and community; each has it's own operational challenges. As a rule of thumb, my engagements will commence with an overview of the club and desired outcomes with the General Manager, followed by a deep dive into the systems, processes and flow of data and transactions. My core services are listed below, but I do work with clubs on bespoke finance & accounting solutions. Please reach out with any questions.
Outsourced Finance Services
Core finance services including reporting, forecasting and compliance.
Management Accounts
Monthly management accounts, tailored to your club.
P&L statements that are clean and easy to digest. Balance Sheets including reconciliation design.
Monthly management reporting packs.
Custom P&L Reporting
Profit & loss statements structured for your club. Split by cost centre (e.g. memberships, green fees, food & beverage, accommodation, pro-shop).
Summary & detailed P&L statements.
Chart of accounts reviews and re-structuring.
Budgeting & Forecasting
Forecast building including cash, revenue, costs or any other custom FP&A services.
Budget building and reporting to show variance to budget.
Support with ongoing forecasting, budgeting, stress-testing or scenario planning.
Bookkeeping Efficiency
Whilst I do not personally do bookkeeping for clubs, I can recommend solutions and coach clubs on how to maximise efficiency through a combination of robust process implementation and AI tools designed for the purchase ledger,
Compliance
Statutory accounts completion & filing.
Audit preparation and controls implementation.
Confirmation statement filing.
PAYE filings including RTI, P45, P60.
VAT
VAT process reviews, including partial exemption process reviews & calculations.
VAT return filing.
Expense and data caputure review for VAT.
Finance Transformations
Modernising your club through automation, AI and technology.
Finance Transformations
Full scale system and process transformations to enable automated data flows and to reduce the volume of manual work. I commonly work with Xero, Sage or Quickbooks and can bring your club into the cloud.
I can work across larger ERP systems and have a depth of understanding of the ecosystem of apps and tools that can be integrated to improve reporting and forecasting.
Systems & Technology
Leverage the best in class technology and A.I. to automate finance processes and create efficiency and accuracy in reporting.
We know how to integrate technology end-to-end to deliver golf operations and effective financial information.
Process Review & Design
Reviews of existing finance processes and design and implementation of improved processes. The outcome is more robust controls and automation between systems where possible, therefore reducing manual error and generating efficiencies.
Data Mapping
The quality of reporting output is only as good as the input data.
I build an understanding of the flow of data and transactions between systems. I will then make recommendations or help with optimising the flow of data between systems; with the outcome of increased efficiency and reduced team input.
A.I. & Automation
Automation of accounting processes using best-in-class technology.
Optical Character Recognition (OCR) A.I. tools within accounts payable.
Advisory on the best A.I. tools to leverage across bookkeeping, reporting and forecasting.
Cloud Based Integrations
Advisory on integrations between wider golf clubs systems including bar, shop, accommodation and tee-time management.
Fractional CFO Services
Strategy and leadership in a fractional capacity.
Cash Flow Forecasting
Semi-automated cash forecasting using best-in-class software across all operations.
Rolling cash forecasts up to 3 years into the future.
Custom reporting across scenario planning and capital expenditure. Stress-testing and downside scenario forecasting.
KPIs & Data Analytics
The right set of KPIs can transform operations. With accurate data inputs and integrated systems, I can produce a greater depth of detail and draw insight from data to support decision making.
I can build a KPI set that can be reported on each month and tailor this for your club. Read more in my article on KPIs here.
Revenue Optimisation
Detailed revenue review across membership, green fee, pro-shop, food & beverage, accommodation and other income.
Revenue metrics including recurring revenue, member churn analysis, visitor performance & benchmarking.
Cost Optimisation
Detailed cost review to seek opportunities for cost savings and drive efficiency.
Services include cost benchmarking, trend analysis, financial controls on costs and VAT recovery.
Advisory Services
I can act as a fractional CFO for the club or a trusted partner for all things accounting and finance.
Available on an ad-hoc or recurring basis.
Team Coaching
Coaching for administrators and staff on topics such as controllership, systems, filing, forecasting and running efficient processes.
“It’s a great game, a wonderful game. It’s a great leveller and it’s there to be enjoyed as long as people don’t fiddle with it.”
PETER ALLISS