Management Accounts
Management accounts meeting

Management Accounts

If your business is larger or more complex straight forward bookkeeping may not give you an accurate enough idea for how your business is doing or you may need more detailed analysis.

Management Accounts are prepared at whatever frequency is most
appropriate for your business, so you can keep a track of how things are.

I can also prepare cash flows, and cash flow projections if money management is important to your business.
Management accounts graph
For some businesses, bookkeeping gives a good estimate of what the financial position is. Other businesses may find that there may be lots of adjustments in order to know how things are going.

For example, if you are a builder doing long term building contracts and getting stage payments then there can be many adjustments depending upon the value of the work you have done compared with the cash you have received and paid out.

You may need to keep your finger on the pulse for other reasons. For example, if your profit margins are very tight or exchange rate movements affect them a lot.

You may also be experiencing tight cash flow that needs to be carefully managed.

Management accounts are prepared just for the business owners so they can be tailored to exactly what you need in order to keep a track of things.  Some people monitor just a few key things like sales, gross margin and net margin.  I can help you decide what to monitor and help you understand what these terms mean and how they help you keep things on track.

My services include. 
  • Preparation of management accounts (usually monthly or quarterly, but as often as you need).
  • Preparation of tailored reports focusing on key performance indicators or detailed analysis as required.
  • Reporting on cash flow and cash flow projections.
  • Review and monitoring of the accounting system.
If you would like to discuss the services above please give me a call or send me an email.
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