management accounting service
Our
management accounting service is a management reporting function
whereby
your income and expenditure is analysed either monthly, quarterly or
bi-annually and then compared to previous periods in order to provide
some meaningful information in order to HELP you manage
your business better.
After all, what is the point in having financial information if you
don't use it?
So why would I ever need this service? For several reasons. The most important one being touched upon in the above paragraph; businesses are MORE SUCCESSFUL if the financial information is looked at and used in a pro-actively manner. Also, you may be considering the need for additional funding from the bank or other lenders. Management accounts not only show these lenders that you have financial control over your business, it also shows that you KNOW your business - inside and out!
We will provide you with an easy to read report, explained by us, in either a meeting with just the proprietor/managing director or with the board of directors.
So how much does this service cost? If we are already
doing your bookkeeping, then the cost of this service is simply £60 per
report which can be had on a monthly, quarterly or bi-annually - the
frequency is yours to decide. If you would like us to compile a report from the information
provided by you, then the cost starts from £145 per report. Reports can be
generated as often as you require but we do suggest monthly management
accounts in order to get the full control over your business that you
need.
