Management Accounts and Reporting
To make informed decisions and ensure the success of your business, it’s vital to be able to access up to date and accurate information. Management accounts are a valuable resource that give you clear insight into your business’s performance and support informed decision-making.
What is Management Information (MI)?
Management information can be as simple as a periodic set of accounts or a more detailed suite of reports. Typical management information will include reports which plot trends, compare multiple years data and measure KPI’s. As well as reviewing past performance you may also want to project forecasts and cash flow.
Key Performance Indicators (KPIs)
To assist you, we can work with you to prepare periodic management accounts as the basis for a management pack. We can then add other key information from around your businesses such as departmental reports or sales analysis.
If we already carry out your bookkeeping or you work on Xero or Kashflow, management information can be pulled together and presented in an agreed format very easily, with little additional cost to you.
For more control and better information in your business, contact us to discuss how we can help you get the systems and process in place to create quality management information to help guide your growth.