Ascentant’s management accounts service provides timely intelligence to your decision-making process. Unlocking financial data to aid strategic business decisions throughout the year.
Management Accounts provide financial data and performance analysis to educate future strategic business decisions. This may include forecasts based on current trends on sales and expenditure, cashflow forecasts or analysis to compare incurred costs to set budgets.
For the best results, management accounts are usually produced monthly or quarterly, so that you can more accurately gauge how well you’re doing and make timely course corrections.
Tailored to each individual client’s needs, our Management Accounts Services enable businesses to track chosen Key Performance Indicators (KPI’s). Uses of management accounts include:
- Tracking profit
- Establishing your break even point
- Identifying business trends
- Planning for the future
- Increasing working capital for cashflow
- Tax planning
The benefits of keeping regular management accounts include:
There is no set standard for management accounts, but they usually include:
- Profit & Loss Report
- Balance Sheet
- Cashflow statement
- Aged debtors
- Aged creditors
- Debtor days
- Budget vs Actual
If you are an SMB in Derby, Nottingham, London and beyond requiring Management Accounts Services please contact us.
Speak to us today to see how we can help your business 01332 981920 or Email us: firstname.lastname@example.org