Management Accounts

Giving you all the information you need to run your business

Do you know how your company is performing as of right now – today? If your answer to this question is ‘no’, then you are not completely in control of your business.

Management accounts are vital for all business owners, providing a regular, up to the moment picture of how a business is performing. The information that management accounts can reveal will form the basis for important decisions, so it’s crucial they are maintained accurately.

"Thank you for your review of my accounts. It has saved me over £5,000 in costs so a worthwhile investment!"

Management accounts will enable you to:

  • Compare financial performance against forecasts & previous trading periods
  • Better understand your resources
  • Identify key trends
  • Highlight areas that may require attention

While your financial forecast will reflect the outcome you want to achieve, and will be based on your budget and informed estimates, management accounts will show the actual performance and viability of your business at any point in time.

When you receive your annual accounts back from your accountant, the information they contain is already historic and may no longer be relevant to your situation. Management accounts however, ensure you always have accurate, up to date information at your fingertips so you can quickly make informed decisions that will improve your business position.

We will provide you with accurate financial information and work with you to design reports that are appropriate to your business model. These reports will provide you with invaluable data, enabling you to analyse your financial situation with confidence, make informed decisions and improve your financial performance.

More and more, we are finding that bank managers request current financial information on a regular basis. As ex-bank managers ourselves, we understand what information they are looking for!

Management accounts are generally prepared on a monthly or quarterly basis, but they can be produced whenever they are required - even on a ‘one-off’ basis.

Get in touch

For a discussion and to find out more about how we can help your business, please contact us