Management Accounts

I recommend this service to all companies that are keen to grow. A well set budget is a target for the future year. By comparing regular accounts to the budget and investigating significant differences it should be possible to meet reasonable targets and cut out wasteful costs.

When the company is small, it's easy to control most financial aspects with very little effort. Growing companies have to manage increasing levels of volume. Without good quality regular accounts it is easy to miss an area of loss or profit opportunity for lack of analysis of the figures.

Banks are keen to see budgets and regular accounts when there is a substantial overdraft facility or business loan in use.

How It's Done

With input from the company I set up a rough budget layout. Its will enable a budget and cash flow projection to be set up. These can be regularly updated to reflect changing circumstances.

The key to a good budget is your time spent on thinking about where your income and expenditure now and in the future is going to come from. The more time you spend on planning the figures the better a tool the budget will be for you to control the costs and push up the sales.

I can then produce regular management accounts and compare them to the budget. Areas of concern will be highlighted for you to investigate. This will help you manage your business efficiently and spot useful trends.

How Would This Service Help You?

By regularly checking your accounts in a detailed way you can ensure the business stays focussed on creating profits. With a budget, cash flow and management accounts you can work out in advance how to deal with one off large costs and see patterns of costs that should be investigated early on. Good quality information will allow you to plan ahead more confidently.

You can use the sales budget as a target and compare actuals against budgets to help your marketing campaign generate real profit.

Call Frances today on 01737 559211 to discuss how management accounts can help you grow your business.

Services Provided