We can offer management accounts as a standalone service custom designed to suit your business or as part of a full accountancy package.
If used alongside one of our packages you will already enjoy the benefit of having visibility of your accounts 24/7 including profit and loss and Balance Sheet information.
If you take this to the next level you can have custom designed reports that could take any form from stock movement analysis enabling you to quickly identify slow moving product lines or Key Performance Indicators ( K.P.I's) to help you manage your business and staff efficiently. Particular benefits include:
- Management are in control of the accounting function
- Problem areas within cash flow are highlighted early and remedies sought
- Aged debt analysis
- Banks are well advised of business performance and funding becomes an easier task
- Tax planning is made more efficient as the trading performance is known throughout the year
- Business sales and price earnings multipliers on those sales are often higher as any particular purchaser can readily identify current performance rather than historical data
- Management can quickly identify trends, both good and bad, and act upon them
- Asset finance can be raised more quickly with up to date figures