Management Accounts

If you run a simple business where: revenue and costs are consistent throughout the year compared to previous years; and you can judge the profitability of the business, then it is unlikely you need Interim Management Accounts.

Do you need Management Accounts?

In a “nutshell”, Management Accounts will allow you to stay in control of your business. Merely checking the bank balance from time-to-time, does not qualify as good financial control. 

A more robust review of your current financial position needs to be carried out and the following are just some of the key areas we cover and important questions we can help answer, during the process of preparing Management Accounts.

If business overheads are difficult to keep track of

a prerequisite for controlling your sales and costs. Without one, a true reflection of your financial position is difficult to ascertain. For example, are your profits on target to meet an anticipated expansion of the business, one year from now.

Cash Flow

even the most successful business can fail (and they do regularly) if you are unable to pay your Creditors on time. Creating a Cash flow Forecast in tandem with your budget, ensures your business is liquid and able to meet future costs.

Profit & Loss

detailed account of your sales and costs, compared against your budget. On the back of this, Revised Profit Forecasts can also be prepared, confirming if you are on track to meet your business goals.

Balance Sheet

Most small businesses look at the Profit & Loss statement regularly, but many don’t understand the importance of the balance sheet. A Balance Sheet can provide warning signs so you can solve any problems before they have a detrimental impact on your business.

Stock and profit margins

for many small businesses, much of their profit can be tied up in their stock. This can be dangerous, since, what proportion of the stock is old and, therefore, needs to be devalued or written off? If so, this could have a significant impact on your bottom line and jeopardise the profitability of your business. Also, are you product margins where they should be or are the margins on your best selling products lower than expected?

Analysis of sales and costs

carried out in conjunction with your stock profit margins to confirm if your overall gross profit margins are on track.

Previous year/period/budget comparisons

Are your sales up on previous years/periods but have costs increased further? Was this anticipated in the budget?

Debtors and Creditors

are there any bad debts you are unaware off?. Can supplier payment terms be improved? Are your Creditors running dangerously high?

Detection of fraud

Unfortunately, a common occurrence. Are your profit margins down, indicating possible stock shortfalls? Is a supplier Invoice outstanding, you thought was already paid?

Empower Your Business with Timely Reporting

We can provide management accounts weekly, monthly, quarterly, or as often as you need. Our aim is to help your business flourish through up-to-date meticulous reporting 


The efficient and timely way in which we work, helping to free up time for your business.


Providing support and proactive advice in helping you attain your goals.


Offering our specialist understanding of the sectors within which you operate.

Up to Date

Providing crucial advice on continuously changing tax matters.