On this page, we explain what management accounts are and how they can be so useful to your business.
Our Management Accounts Service
Management accounts are essentially a summary of various forms of accounting data, such as cash flow, income statements and balance sheets. As part of our service, we prepare and present this information in a clear and concise way so that you can make informed decisions about your business.
We apply our professional knowledge and skill in the compiling of financial and other decision oriented information. We do this in such a way that the information we provide greatly assists management in the formation of policies, and in the planning and control of their operation. We view our role as value creators, with our focus being on looking towards the future of your business. We can assist in the decision-making process, to help shape a lucrative future for your business.
We work with our clients to design and deliver financial reports and performance indicators. This allows clients to manage their business actively rather than re-actively, all within a time frame to suit the clients working pattern.
Features & Benefits
With HMRC’s introduction of quarterly returns for the self-employed and landlords in 2018 – and for limited companies in 2020, now is the time to make the move to the cloud accounting software. Cloud accounting software enables you to manage your business accounts in real time.
By making the move to real time, you can use management accounts to manage your business on a day-to-day basis. Real-time accounting gives you financial data instantaneously, whether that be a purchase or a sale. Having real-time access to data such as profit and loss, balance sheet values, sales reports and more means that you can react quickly to the needs of your business.
How We Work
We always tailor our service to your unique business requirements. In order to ensure we deliver you a truly bespoke service, we need to attain a thorough understanding of your business. We start with a free, no-obligation consultation to discuss your needs, we’ll then advise on how our management account service can help you.
Best of all, we won’t just dump a load of reports on you, our service is far more comprehensive than that. We are always available to discuss the reports and help to provide context, we understand that in order for the reports to be useful to you they need to be understood. Using our financial and business expertise, we can help you to not only understand the reports but to also offer practical suggestions based on what they tell us.
Louise Tiller, a Bookkeeper here at Aston Shaw explains how you can still benefit from having a Bookkeeper even if you already have an Accountant. In short, the answer is YES! Your Accountant finalises your accounts on a quarterly and yearly basis while your bookkeeper analyses your data on a weekly or monthly basis, communicating […]