management accounts
Our aim is to put our clients first - to understand their situation and provide a first class service.

Monthly Management Accounts include a profit and loss account showing the current month and year to date figures, a balance sheet (if applicable), and detailed ledger listings detailing how much you have spent and on what that month.

Management Accounts helps to make a meaningful decision about your business. Different business need different needs, it’s not a legal requirement to make a management accounts. It helps Managers to analyse business performance and also include forward looking element such as sale, cash flow and profit forecast. The analysis is usually performed against forecasts and budgets that have been produced at the start of the year.

The information in management accounts is usually broken down so that the performance of different elements of the business can be measured. For example if a business has more than one sales outlet, there might be a separate report for each. There may also be a report produced to show how well a particular product has done across different outlets.

Our clients have found that monthly management accounts have enabled them to see an up-to-date view of their business. They can see the areas that they have over or under spent, look at their profit to date, and most importantly take a look at how much profit there is to pay tax on.