Management accounts give real time information on how your business is performing and can help your business work smarter. For example, monitoring your fixed and variable costs, calculating profit margins and reviewing payment terms with your customers and suppliers.
Often businesses which apply for additional finance are turned away on the basis of the poor financial information they have presented. Having the right guidance and relevant reports will help when approaching investors/lenders. We can produce management accounts and reports, tailored to your business, with significant benefits:-
- Real time profit or loss position
- Profit margin
- In-depth and ongoing review of costs
- Analysis of income streams
- Tax planning
- Help support decisions on the amount of dividends to vote
- Up to date information for investors and/or shareholders
- Help support funding applications and/or investment