Do you know how much money is moving in and out of your business, your cash flow situation, and your profit and loss?
Our management accounts service gives you up-to-date financial information and other key data about a business. They summarise your business’ current financial health, are a valuable tool for making strategic decisions, and allow you to gain a detailed picture and understanding of your business; arming you with the information you need to steer your business in the right direction.
Without a full grasp of how your business’ key numbers, you might not spot if something isn’t going right and then fail to make the necessary changes, potentially causing your business to fail. Therefore, it’s vital that you monitor your business’ cash flow to ensure you don’t run out of money and to help you plan for the future.
My management accounts service will arm you with the information you need to make the best decisions about where to take your business.
— Pat van Aalst
Here is what is typically included within our management accounts service.
Monthly or quarterly management accounts
Reporting of key performance indicators
Training on how to get the most out of the information
Supplying management information to lenders
Costing information, including break-even turnover levels
Preparation of annual statutory accounts
Management accounts are a set of financial reports and statements that provide businesses with up-to-date and relevant financial information. They offer insights into a company's performance, cash flow, profitability, and other key financial metrics. Unlike statutory financial statements, management accounts are used for internal decision-making and planning.
Management accounts are essential as they provide valuable financial insights that help businesses make informed decisions. They allow you to monitor performance, identify trends, assess financial health, and plan for the future, enabling you to optimise your business operations and achieve your goals.
The frequency of preparing management accounts varies depending on your business' needs and size. Many of our clients prefer management accounts monthly, but these can be produced quarterly or even weekly for more frequent monitoring.
Our management accounts include income statements, balance sheets, cash flow statements, and various financial ratios and KPIs. We also include a brief commentary on your business performance, highlighting areas of strength and areas of improvement.
Book a call with us today for a refreshing approach to financial management. No suits, no jargon, just practical accounting solutions that make a difference.
Take control of your business's future by booking a call for our management accounts service today. Dive into financial clarity with tailored, actionable insights for impactful decision-making.
Serving Oxfordshire for 25 years
Call
01869 640 095
Location
Bicester, Oxfordshire