The use of management accounts will help increase your access to both finance and credit insurance cover. Assessments made of your financial strength and viability by banks, credit insurers, factors, suppliers, invoice discounters and ratings agencies will be based on validated up-to-date monthly management accounts.
In this risky economic environment, don’t you wish you could make decisions based on up to date financial data? Management accounts are of real value when making every day decisions.
Forget the sole reliance upon historic annual statutory accounts.
Management accounts will enable you to:
- Compare your accounts with original budgets or forecasts.
- Manage your resources better.
- Identify trends in your business.
- Highlight variations in your income or spending which may require attention.
If you are interested in management accounts preparation, please contact us.