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It’s no surprise that with our turbulent economy, more and more businesses in the UK are opting for monthly or quarterly management accounts. When we say ‘Management Accounts’ we simply mean accurate and timely management figures that can help you make key management decisions.
Management Accounts could look like:
They’ll help you highlight what has gone well and what hasn’t and whether you’re on track to meet the targets that you’ve set yourself. You can analyse certain elements of your business such as sales, cashflow and profit forecasts, as well as checking historical performance. This will help you identify potential problems on the horizon and identify areas of opportunity, such as tax savings and tax reliefs.
Management Accounts provide you with the information you need to enable you to have better control throughout the year and make well informed business decisions, something that is paramount right now. They will also:
We will arrange a consultation with you to identify the information that you need and want, we will then…
For many clients who are not big enough yet to employ a full-time finance director (FD), A4G’s management accounts service extends into a Virtual FD package of services where an experienced member of our team is on hand to discuss and advise you on all big financial decisions.
Get in touch with us to find out more about our Virtual FD service.
As a small and medium sized business, you may be operating at a huge disadvantage to your larger competitors if you don’t have regular management accounts due to a lack of relevant and accurate financial information about the performance of your business.
Few owner-managers come from a finance background and even with an excellent bookkeeper, you may struggle to interpret valuable financial information. We bridge that gap. Don’t delay key decisions (or make the wrong ones), miss opportunities or fail to identify problems when they arise.