Management accounts

Management accounts are financial reports produced for the business owners and managers, generally monthly or quarterly, normally a Profit & Loss report and a Balance Sheet. In principle they are similar to Year End accounts but are less formal and are personalised to the reader’s requirements.

They are important to help you adapt and make necessary changes to your business and will help it work more effectively moving forward. But without the right information, how can you be sure that the decisions you are making are right for your business, and are you spotting trends in your sales that you can capitalise on to make more? Fast growth or sharp decline can be difficult to see just from a set of annual accounts. This is where management accounts come in for you as the owner of your business. They help drive your strategy ideas and help you identify when you will need additional funding.

We have extensive experience with creating custom management accounts packs for business owners. If you’re struggling to get to the information you need or understand what is best – get in touch and we’ll help!