For many businesses management accounts are the primary source of information on which they base their key financial decisions. However, many businesses do not have the necessary capabilities to produce management accounts.
At John M Taylor & Co we can provide monthly or quarterly management accounts on a timely basis in a format that is tailored to your needs to make sure you have the information you need when you need it. We can incorporate a range of reports within the accounts to suit your needs such as:-
- Comparison of current period with same period last year.
- Comparisons of actual performance versus expected performance.
- Cash projections and key performance indicators (KPIs).
- Costing information at the level of a particular product/service, department or business-wide.
Although the preparation of management accounts will inevitably result in additional costs in comparison to the preparation of annual accounts alone we are always careful to ensure that the work done in preparing management accounts can be utilised at the year end for the production of annual accounts. By doing this we remove any duplication of effort and ensure that our management accounts service is a cost effective option for our clients.
If you would like to discuss how quarterly or monthly management accounts can help you or would like some assistance please get in touch.