Management Accounts
Annual accounts look backwards. Management accounts help you see how the business is performing now. We prepare clear, practical reports so you can act earlier on profit, costs and cash.
Who this service is for
- Directors who want regular performance visibility
- Growing companies preparing for funding or expansion
- Owners reviewing pricing, margins and overheads
- Businesses that outgrew informal spreadsheet tracking
Common challenges
- Only seeing results once a year
- Uncertainty about which products or clients are profitable
- Cash surprises despite apparently healthy sales
- Limited board pack information for decisions
What is included
- Profit and loss reporting for the agreed period
- Balance sheet and cash position summaries where scoped
- Comparison to prior periods or budgets where available
- Commentary on notable movements
- Follow up discussion of key points
How the process works
- 1.Agree reporting frequency and key metrics
- 2.Confirm bookkeeping cut off and information needed
- 3.Prepare draft management accounts
- 4.Review findings with you and note action points
Documents normally required
- Up to date bookkeeping records
- Bank balances and loan schedules
- Payroll summaries
- Budget or forecast figures if you use them
- Prior management packs where available
Key deadlines
Management accounts are not a statutory filing. Timelines are agreed with you so reports arrive early enough to support decisions.
For official dates, check GOV.UK.
Benefits
- Earlier sight of profit and cash trends
- Better informed pricing and cost decisions
- Clearer board or investor discussions
- Stronger link between day to day trading and year end results
Related services
- View Bookkeeping servicesOrganised day to day bookkeeping so your records stay up to date and ready for tax and reporting.
- View Cashflow Forecasting servicesCashflow forecasts that help you plan tax payments, hiring, investment and quieter trading periods.
- View CFO Advisory servicesPart time CFO style support for directors who need clearer financial leadership without a full time hire.
Frequently asked questions
Discuss management accounts with our team
Book a free consultation on Picktime or send an enquiry. We will confirm scope and fees before any engagement begins.