Management accounts are financial statements (profit & loss, balance sheet and cash flows) prepared and presented usually on a monthly or quarterly basis for a company. The objective of management accounts is to provide management with timely and accurate financial information in order for them to make a sound economic decision with regard to the company.

Sample Management Accounts

Benefits of Management Accounts

1. Management always has access to up to date information concerning the operations of the company when making key decisions. Having real-time information is critical for the success of the company
2. Management is able to monitor sales volumes, determine fast selling products or services as well as high spending areas in the company
3. Preparing management accounts on a regular basis increases the confidence level lenders and investors have in the company. Banks will always ask for the company’s management accounts over a certain period as part of their condition precedence when securing business loans
4. The managers of the company are able to analyse the performance of the company, identify trends over the period and take the necessary steps in achieving the objectives of the company
5. Management accounts help in the effective management of the company’s cash flows. The company is able to determine high cash inflows and outflows areas, forecast to know periods they are likely to have liquidity challenges or surplus and initiate the needed actions
6. It makes the company audit-ready at any time. Management ensures that all issues or queries raised during the review of management accounts are addressed or resolved on a continuous basis. This makes the audit process very smooth and seamlessly

Why Choose Us

• You are assured of the utmost confidentiality as we carry out the tasks
• We have a competent team with extensive knowledge in accounting and finance to analyze and advise on your company’s performance
• We present your management accounts in top-notch graphics and explanations
• We deliver on agreed time to ensure that you meet your intended use of the management accounts
• We have expertise in preparing monthly or quarterly or yearly management accounts as well as board reports for your company’s board of directors meeting
• We prepare your management accounts remotely