Management Accounts help you gain a full understanding of your business, without the jargon.
What are Management Accounts?
Management Accounts provide you with a tailor-made or standard financial report
on your businesses' financial performance - quarterly or monthly.
Although management accounts are not a mandatory requirement, they can help you gain a greater insight into your businesses' performance, providing a more in-depth analysis compared to Statutory Accounts alone.
What's the difference?
✓ Consider the business as a whole
✓ Consider how efficient your business is, reporting on profitability
✓ Require exact figures and actual records
✓ Meet requirements set by Companies House
✓ Focus on looking back at the business' achievements
✓ Can focus on specifics of the business e.g. the earnings from one product
✓ Focus on finding issues, understanding them and creating solutions for growth
✓ Can work with estimates, approximation or actual figures
✓ Focused on operations within the business, rather than purely financial
✓ Not restricted by Companies House requirements
✓ Focused on looking forward, planning for the future!
Is this right for me?
✓ Start-up businesses
✓ Growing a business
✓ SME/LTD companies
✓ Mature businesses
X Sole traders & individuals