Many small businesses rely on their end of year accounts to understand their financial situation. The problem with this is that this information is historical, and not a true reflection of what is currently happening within your business now. This makes the year end accounts information less useful as a tool to shape business decisions.

Management Accounts can be produced monthly, quarterly and six-monthly. You can use this up to date information to examine your cashflow, do cashflow forecasts, look at your profit/loss statement and business profitability.

Many businesses have commercial loans. The bank will require management accounts produced on a quarterly basis.

I can provide the following Management Accounts:

Profit/Loss Statements
Balance Sheets
Cash Flow Forecasts
Outstanding Creditor Reports
Outstanding Debtors Reports