Management Accounts

Do you currently just see your accountant once a year? Do you sit in the meeting thinking "if only I had known about this 12 months ago, then I could have done something about it?"

 

Well with monthly or quarterly management reports this could be a thing of the past.

 

How does it work?

We will meet up and set some initial targets, then each month or quarter we will produce some management accounts that access your performance and highlight any variances. 

 

Surely this means more cost?

Yes at first glance, meeting your accountant on a more regular basis would indicate a higher cost. But we believe that this is offset by the improvements this service makes to your business. Also by seeing you on a regular basis we will gain more knowledge and understanding about your business and your goals. 

 

How will the management accounts be prepared?

We will produce the reports in any format to suit you. Some people prefer detailed pages of numbers and others prefer a key point summary. Together we will develop a format that you understand and gives you the information you need to see.

 

Year End Accounts

By producing management accounts, your year end accounts are automatically created. So by your year-end date you will already know your tax liability, this will help you plan your cashflow and avoid a surprise if your tax is higher than you expected. 

 

Fees

For this type of work we prefer to work on a fixed fee basis, payable monthly by standing order, however we are willing to fit into any arrangement which suits you and your business.

 

Contact us for more information