A key accountancy service every business needs
If you want to run a successful business one of the best things you can do is have up-to-date financial information at your fingertips. It’s why our Accountancy services are so invaluable.
Offering an insight into the financial health of your business, management accounts help ensure you are able to:
- Gain more control over what’s happening in your business
- Make more informed decisions about the money you spend
- Understand the realities of your cashflow
- Support funding applications by providing potential lenders with a snapshot of your business part way through the financial year
- Plan for growth.
Many businesses think that just doing your statutory accounts once a year is enough, but if you really want financial visibility over your business, management accounts are the way to go.
How our accountancy services work
How often you want management accounts prepared is entirely up to you. We can prepare them monthly, quarterly or every six months, whatever works best for your business.
Normally our management accounts include the following information:
- A balance sheet showing revenue cut off properly, basic accruals, prepayments adjusted and ledgers reconciled
- Cash flow and income statement
- Profit and loss account
- Key performance indicators.
But we can include whatever information you think is most relevant to your business. If you’re not sure, we are more than happy to talk through exactly what you need to know and make suggestions on the areas you might want to report on. And bear in mind that these requirements may change over time as your business changes and grows.
If we already do your bookkeeping for your business, then we will use those records to prepare the management accounts. Otherwise, as a trusted accountant, we can recommend a number of cloud-based accountancy software programmes, which will make it super easy for us to access your data.
Jargon-free management accounts from your local accountant
Management accounts are pointless if you can’t understand them, which is why we will always prepare them in a format that is easy to use and understand. And unlike some other local accountants, we will also avoid using jargon – after all, you want to be making good business decisions, not reaching for the dictionary!
And don’t forget, we’re the local accountant who is always at the end of the phone, so if you do want to chat through anything, just give us a call.
If you think regular management accounts could benefit your business, please get in touch and we’ll happily talk through our accountancy services.