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Year end accounts are not designed to be used by the business as a management tool – they are a statutory requirement for all companies to prepare for filing with the authorities.
Management accounts are what businesses use to see how their business is performing, and many companies have these prepared on either a monthly or quarterly basis. Indeed investors and bankers often require regular updates on business performance.
Many businesses require accounts prepared on a monthly or quarterly basis, we would recommend this as a valuable addition to all businesses.
Statements are prepared allowing you to see what is going on in your business much quicker than waiting for the year end, which helps you to respond faster and better manage your business. They may also be a requirement supporting a borrowing facility.
We can produce management information in various ways and styles, to suit your specific needs. Additionally we can provide concise and clear commentary and graphical analysis as a value added service, enabling you to evaluate much more quickly where improvements can be made and their effects
When producing management accounts, we will always take the time to thoroughly explain what they say. However with management accounts *plus* we go much further. and work closely with you to enable you to not just understand more clearly how your business is performing, but also to give you the tools and options to help you make the right decisions to improve your business where it matters most – the bottom line.
We will design unique reports which are suitable for your business, working with you to understand not just how your business ticks, but exactly what critical success factors determine what your business must do to succeed. We’ll then design performance measurements and indicators that will enable you to show your business improving.
Monthly/Quarterly Management Accounts
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