Do you know how you business is performing today?

Are you close enough to the numbers in your business to help you make timely decisions ?

"thank you for your review of my accounts. It has saved me over £5,000 in costs so a worthwhile investment!" 

Management accounts will enable you to:

• Compare your financials with your expectations, forecasts or previous periods
• Better understand your resources
• Identify key trends for your business
• Highlight areas that may require attention

Your forecast is likely to be your informed estimate, your budget, your planned outcome, but your management accounts show the viability of your business.

By the time you receive your annual accounts back from your accountant, then the information may be out of date and irrelevant to what is happening right now.

At A1 we have seen the difference Management accounts can make to a business.

We are also finding that bank managers are seeking current information on a more regular basis and, as ex-bank managers; we have a good idea of what information they will need!

Management accounts tend to be completed on a monthly or quarterly basis, however this is not a rigid timescale and can even be produced as a one off requirement.

Our management accounts service links in with the effective financial controls that we consider are important in the management of any business financials.