Measure and Grow your Business
Producing regular management accounts is an integral part of operating any successful business. Whether you’re a start-up or scaling up your business to the next level you will need to know the numbers, monitor cashflow and drive performance.
Ideally produced monthly, management accounts apprise your businesses performance by identify and measuring areas of the business that need attention or are preforming well. This is done by detailing the current financial year to date figures and comparing them against a budget and/or against the preceding year figures.
Management accounts should contain information to allow you to make informed day-to-day and strategic decisions such as.
Unlike financial reports, management accounting are not mandatory and are for internal use only so they don’t have to follow UK GAAP or FRS guidelines, therefore we recommend that management reporting should always be focused on segments of your business, by segmenting you can get into the details and really analyse your businesses Key Performance Indicators (KPIs).
If you would like to discuss management accounting or any of our other services please get in touch. We offer a free no obligation meeting or quotation and would welcome the opportunity to discuss any requirements you may have. Call us on 01270 820 273 or click to Get in touch.
Many clients that join us say that their accountancy cost often increased without warning or their monthly direct debit payments are absorbed throughout the year and they receive additional invoices at the end of the year.
Our policy on accountancy fees is simple “no surprises and no hidden cost.”
The Shires team are always happy to help, we listen to what is important to you and shape our services to best meet your business and personal needs. Our team are all highly experienced in their specialty, whether that be accountancy, audit, tax, payroll, law, or business advice and have a wealth of experience in supporting the Business & Charity communities.
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Whether you are an established business, a non-profit or just starting your business journey we would welcome the opportunity to talk to you. So why not have a free no obligation meeting with us and you be the Judge if you would be better off with Shires Accountants. We are available Monday to Friday on 01270 820273 or if you prefer simply complete the contact form and we will get back to you…