Management accounts

Management accounts


 
Our management accounts service involves a lot more than simply preparing a few extra sets of accounts each year. We go beyond what a typical accountant will provide you with, analysing the figures in great depth and meeting with you monthly or quarterly to discuss what the figures mean for your business. We help set and analyse key areas of performance that can add real value to your decision making process. Timely management accounts will help you assess your business performance, manage your cashflow and plan for the future.

Preparation of management accounts throughout the financial year also benefits you in a number of other ways. Working in this way gives a much greater opportunity for tax planning, helping you minimise or defer your tax liability. Additionally the preparation of management accounts helps ensure you only take dividends from your company when legally available, and therefore avoid unnecessary tax liabilities on your drawings. They will also speed up the process of finalising your accounts at the year end, so you know your financial position and tax liability almost straight away, rather than up to nine months after your year end!