Services We Offer As A Management Accountant

• Accountancy Services

Management accounts provide regular profit and loss summaries and balance sheet reporting for your business. This then identifies CURRENT profitability levels or potential losses that the business can then react to if necessary. i.e. by cutting costs or increasing selling prices.

Management accounts give you a more regular financial picture of your business than can be provided by annual accounts alone. The reports that can be provided include:

• Profit & Loss Accounts
• Balance Sheets
• Budget/Forecasts and Business Plans
• Key Performance Indicators
• Cash Flows

Using a management accountant will give you access to regular management accounts which will help towards the production of your annual accounts and could decrease the costs you pay to your accountants each year.

• Cash Flow Management and Forecasts

Monitoring how a business’s cash has been spent can provide useful analysis for projecting/forecasting future cash movements. This provides control for your bank balance and income/expenditure, identifying needs for additional financing or cash shortfalls.

Requests for additional finance from a bank will often require cash flow projections for your business.

• Business Plans

Business plans provide an estimate of future profitability for your business. This can assist you with expansion plans, setting targets for your sales teams, the provision of additional financing and many more uses.

Against the business you can then compare your actual results and analyse how your business is performing against where you are expecting it to perform.

In the current financial climate it’s harder to obtain funding for expansion and growth. Regular financial information and planning shows lenders that you are in control of your finances and you know where your business is heading.

• Book Keeping

Keeping on top of your book keeping maintains regular control of the businesses financial transactions so you know who your CURRENT debtors and creditors are, CURRENT banks balances etc.

It is also necessary in order to produce all the other financial information for your business.

Examples of book keeping services include:

• Sales Ledger
• Nominal Ledger
• VAT Returns
• Purchase Ledger
• Stock Control
• Cash Book
• Bank Reconciliations
• VAT Returns

Can be produced for you and submitted to HMRC, relieving you of this burden.