Take control of your business via your Management accounts

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Quarterly and Monthly Management Accounts

Under UK Law every business has a duty to keep accurate and up to date records. Furthermore HM Revenue & Customs will expect that your records are being maintained correct.

In fact to manage your business and to be able to plan ahead you need to prepare regular management accounts. The advantages of Management Accounts are :-

  • Management can control the financial side of the business better as hold uptodate financial data.
  • The Management accounts can be formatted to suit your needs to show what is important to you whether it is Cost of Sales, expenses, or cashflow schedules.
  • Can be prepared to show separate trading divisions and or branches
  • Will show trading trends, so enabling you to react quicker. No waiting for Year End Accounts to discover profitability

Depending on your needs the Management accounts can be prepared in different formats to show what is important to you ie Cost of Sales, expenses, cashflow etc.

Our Service

When we prepare management accounts we aim to prepare them to the same standard as annual accounts, so the management accounts form the basis of the annual accounts and there are no major surprises when the annual accounts are prepared.

This also means that the annual accounts can be prepared shortly after the year end.

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