In today’s fast paced environment, businesses need the most up-to-date information available to stay ahead of the competition.
We understand that for businesses of a reasonable size, the preparation of financial accounts alone is not sufficient for effective day-to-day running of the organisation.
Due to the nature and complexity of financial accounts, it is often some months after the end of the year before the figures are complete. Therefore problems from early on in the accounting period may not be uncovered for 18 months or so, and result in the loss of revenue, poor cash control, excessive expenditure or fraud. Consequently, regular and quickly produced management accounts are essential for the efficient running of a business.
By utilising our management accounting services, you receive the best possible picture of your business’s performance during the current quarter, from a combination of accounting, management and financial accounting techniques. Consequently, we can help to identify areas of weakness or vulnerability in a business, which can be fixed before becoming a drain on resources and potentially affecting year-end figures.
We pride ourselves in helping entrepreneurs realise their potential, by helping to relieve much of the day-to-day pressures of running a business. By presenting the most relevant information on a regular basis, you are left free to sell your services and you are provided with the best possible information for decision-making.
Our management accounting service includes:
- Profit and Loss Forecasts
- Balance Sheet Projections
- Cash flow forecasts
- Comparison of recent result with budgets, forecasts, industry and historical data
- Graphical representation of results
For further information on our management accounting service, please email us.