Management Accounts Service
We offer a monthly or quarterly Management Accounts service to our clients.
Paul Ainsworth spent 20 years in commerce and industry as Chief Accountant, Financial Controller and Finance and Administration Director, and is committed to the importance for small business owners of having a good understanding of the business's performance.
It is not uncommon for small business owners to only see a complete Profit and Loss Account
and Balance Sheet
at the Year End Accounts
and frequently 6 months after the Year End
, when responding to these financial results may be too late.
Businesses regularly use modern Accounting Software
to prepare VAT
returns, collect money from sales, and pay suppliers. This means that meaningful Management Accounts
are just a few steps away.
Unlike Year End Statutory Accounts
, Management Accounts
are internal, are extremely flexible in reporting, and can be tailored to your own business.
It is inevitable that some internal reporting may need to use spreadsheets where regular software will not suffice. We regularly provide additional spreadsheet reporting for our clients.
If you are using Accounting Software
to keep your books, we recommend that you take the few extra steps to prepare regular Management Accounts
to assess your business performance as you go along, rather than waiting until several months after Year End Accounts are prepared.