Don’t wait until year-end to find out how the business is doing

Management Accounts give you a much more regular view of what is happening in the business now.

They can help you see what is working, where money is being spent, whether margins are changing and whether the business is heading in the direction you expected.

That means you can make decisions while the information is still useful.

What can Management Accounts show you?

The exact reports will depend on your business, but they might include:

Profit and loss

Balance sheet

Cashflow

Sales performance

Costs and overheads

Gross profit and margins

Comparisons against previous periods

Performance against budget

Debtors and money owed to the business

Key figures that matter to your business

We do not believe in giving you pages of reports for the sake of it.

The information should help you understand something or make a decision.

The conversation matters as much as the report

A set of Management Accounts is useful.

Sitting down and talking through them is where the real value often comes from.

We can help you look beyond whether a number has gone up or down and understand why.

Maybe sales have increased but margins have fallen.

Maybe the business is profitable but cash is tight.

Maybe one area is growing much faster than another.

Maybe you have taken on extra staff or invested heavily because you are preparing for the next stage of growth.

The numbers need context.

We’ll help you make sense of both.

Spot things earlier

One of the biggest advantages of reviewing the numbers regularly is that small issues are easier to deal with before they become big ones.

If costs are rising, we can see it.
If cashflow is getting tighter, we can talk about it.
If your pricing is no longer giving you the margin you expected, we can look at why.

Equally, if something is performing particularly well, it gives you the chance to understand what is driving it and decide whether there is an opportunity to do more.

How often do you need them?

Not every business needs monthly Management Accounts.

For some, monthly reporting makes sense.

For others, quarterly is more than enough.

We’ll look at the size of the business, how quickly things change and what you actually want the information for.

There is no benefit in producing reports more often than you are going to use them.

Growing business? This is where they become really useful

As a business gets bigger, it becomes harder to run it on instinct alone.

There are more people, more costs, more customers and usually more decisions to make.

Management Accounts can give you something solid to work from.

Whether you are thinking about hiring, investing, changing prices, opening another location or simply trying to improve profitability, having up-to-date information makes those decisions much easier to have.

Book a 15-minute chat

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Want a clearer view of your business?

If you feel like you only really know how the business performed once the year-end accounts arrive, talk to us.

We can work out which figures would actually be useful to you, how often you need them and build reporting around the way you run the business.

The aim isn’t more paperwork.

It’s better information at the right time.

Book a Management Accounts review