Do you know where you business is up to financially throughout the year? 

Or do you have to wait until your accountant has prepared the accounts at the end of the year in order to calculate how much tax you owe? 

Has this come as a shock?

Management Accounts are one of the most important tools that any business can have.  They serve a mutitude of functions, from calculating each month or quarter how much money you should be setting aside to pay the taxman to having a set of accounts to be able to make business decisions, e.g., would it be worth doing an advertising campaign and can I afford the investment?  Also if you have loans from a bank, they will usually want to see your management accounts at certain points throughout the year to ensure that their money is being used wisely and you will be in a position to pay it back!

There is a common misconception that cash = profit.  This is not the case and you should not think that just because there is cash in the bank then the business is in a profitable position.

Management Accounts are prepared from all your transactional information and providing that is up-to-date management accounts can be prepared at any point during the year.  Depending on your type and size of business these can be monthly or quarterly.

So if you think that management accounts can be of value to your business, whatever your size, just contact us and we can discuss a service that can be tailored to your needs.