Management Accounts Service

You wouldn’t want your lookout watching the back of the ship!

Give your business the best chance of success and start looking out of the pointy end.

Get Started

Statutory Accounts

Management Accounts

Bookkeeping

Payroll

Self Assessment

CIS Returns

VAT Returns

Pension & auto enrolment

Dormant Accounts

Specialist Services

Management accounts to help you manage:

Management accounting is as simple as that.

Accounts to help you manage.

You see producing the annual statutory accounts is important, after all, you can be fined for not doing so but they aren’t a huge amount of help in running your company.

Statutory accounts are backwards-looking. They tell you where you have been and not where you are going.

In essence, they are like looking out of the back of the ship and hoping you don’t hit anything!

Management accounts are different because they are forward-looking.

They tell you what’s working well and what’s working not so well.

They give you ideas for opportunities that you can exploit.

Dedicated two person eTeam

They tell you if your ship is going to hit an iceberg.

Management accounts to help you manage:

Management accounts don’t have any set format.

As the name implies, they are for the use of management so whatever is helpful is included and if it’s not helpful it gets binned.

Typically, a set of management accounts might include:

KPIs - Key Performance Indicators for your business that give you a snapshot of how things are going.

P&L - up to date profit and loss showing you exactly where you are on a monthly basis

Cash flow forecast - where you are with cash and if there are any rocky waters ahead

Budget and variances - The budget you’ve set, a forecast of how you are doing and any variances together with the reasons.

Debtors listing - who owes you money and needs chasing up

Sales reports - who are your most profitable customers? Who are the worst payers? Who might present a good opportunity to sell more to?

Every business is different

If you Google “what’s in a set of management accounts” you won’t get a definitive answer.

That’s because every business is different and every set of management accounts reflects that. This is why we launched our comprehensive management accounting service.

We’ll work with you to understand what is important for your business, what KPIs are appropriate and what you need to keep a close eye on.

Every month we’ll sit down with you and work through the figures, discussing opportunities, threats, strengths and weaknesses to give you the information you need

As time moves on, we’ll refine your management accounting pack and develop it into a finely crafted tool to help you get the best out of your business.

Adding insight, adding value

Numbers are great but they aren’t the be-all and end-all of business.

As your company grows and changes, so will your management accounting, becoming more sophisticated and insightful.

Using our experience with literally hundreds of companies over the years we’ll devise ways that your reporting can add the insight you need to tease out the latent value in your company.

At every step of the way, we’ll be giving you tips, tricks and ideas to help you become more efficient, more responsive, more agile.

Stop looking out the blunt end of the boat

Wouldn’t you like to look out over the ocean for a change?

Talk to us and let’s see how we can develop the right management accounting pack to take your business on to the next level.

Clicketty click the button and let’s weigh anchor together!

How much does management
accounts service cost?

Buy Now

From Just

£99.00

One-Off

Management Accounts FAQ’S

What Are Management Accounts?

Management accounts are financial reports prepared by a business for its internal use. They provide detailed financial information and analysis to help management make informed decisions.

Why Do We Need Management Accounts?

The primary purpose of management accounts is to assist decision-making within a company. They provide insights into the company's financial performance, helping management monitor progress, identify trends, and make strategic decisions.

Difference between management accounts and statutory accounts

Management accounts are tailored for internal management and focus on day-to-day operational decisions, while statutory accounts are prepared for external stakeholders, follow legal and regulatory standards, and provide an annual snapshot of a company's financial position and performance.

Ask another question

Why go accountax for your Accountancy services

Dedicated 2 person Team

They will be your point of contact if you require any help along the way.

Tax Optimisation

Regular tax efficiency reviews to reduce your tax bill

Regular reminders

We send regular reminders prior to submission. We'd hate for you to be late!

Save Time

We want to give you back your time. No need to waste hours going through receipts and statements.

Free Accounting Software

Our easy-to-use free accounting software makes it easy to send out invoices and keep track of expenses.

Helping you save time and money whether you are a freelancer, sole trader or limited company.

And much more

Free Accounting Software

Our easy-to-use free accounting software makes it easy to send out invoices and keep track of expenses.

Helping you save time and money whether you are a freelancer, sole trader or limited company.

And much more

What's the process for completing your dormant accounts!

step 01

We send you a reminder

We will request certain records from your business to help our team of specialists prepare your accounts. Our systems are automated with built in capabilities to make sure the risk of missing a deadline is reduced.

step 02

Accounts preperation

We prepare & confirm what we call 'working papers' for each account on the balance sheet and profit and loss.This is a similar process to Year End accounts.

step 03

Review and approve

We run the Profit & Loss Report, Balance Sheet and any other reports you have requested and email them to you for you to review.

step 04

Submission

If you like a meeting to go through the Accounts? We will arrange the meeting . Once we are happy with everything, we will estimate the tax bill for you and can advise if further dividends can be taken.