You might be wondering how you can get a better understanding of your business. It’s hard to look at a lot of numbers on a page and equate that to the future of your company. That’s where management accounting can help you. It’s about bringing the most important numbers to you in a way you can understand.
Our team gets to understand what is important to you and your business first, then tailors our reports the key information you need. We produce this information either monthly or quarterly, so you can see how the business is performing in real time. If you’re looking to expand the company, this is vital for attracting a big bag of cash from a potential investor or raising finance through a bank.
The difference between these and annual accounts is that they’re much more regular. They’ll tell a story for you on a monthly basis rather than just over a whole year. You can even use them to create key performance indicators (KPIs) if you wanted.