Want to find out what’s been happening in your business? Want to feel in control?
ManagementAccountsPlus tells you what you want to know
Management accounts are more detailed than ordinary accounts and they really tell you what’s been happening in your business.
They are usually either monthly or quarterly and are completed within a short period of time after the end of the month or quarter so that they are up-to-date.
What’s included in your management accounts will depend upon what is needed to help you run and control your business.
This can be a mixture of accounting numbers in a profit and loss account and balance sheet, with more detailed information like the relationships between sales, labour costs and material usage and non financial information like the amount of time its taking customers to pay you.
This means you’re in control of what’s happening and can make any changes that you need in the business as a result of what’s been shown in the management accounts.
Managing your accounts with ManagementAccountsPlus
We use management accounts to track the tax due during the year and to see what can be done to save tax as well.
Most of our clients benefit from management accounts. Examples of what our clients have saved include a manufacturing business that identified £6000 of materials that were able to be reused and another client found £35,000 of work in progress that had not been billed.
If you’d like to keep your finger on the pulse of your business and know what your numbers are so that you can be confident that you’re in control talk to us about how management accounts can help you.