Licence No: 12352

Management Accounts

Want to see where and when your income and expenditure are rising and falling? Need to be able to justify continuation of your overdraft facility? We can provide detailed analysis of your accounts on a regular basis, and/or produce detailed financial projections to help you and your business stakeholders understand where your business has been and where it is likely to be going.

Without regular up-to-the-minute information, it is impossible to make informed decisions about your business: Which of your products or services are generating profits today? Where do you need to focus your efforts to improve performance in the future? Can you afford to take on more staff, or move to bigger premises? What are your funding requirements for the next six months? Being able to answer these questions through accurate management accounts and projections gives you confidence in your decisions, and reduces the likelihood of the unexpected happening.

Annual accounts serve a very important purpose, but by the time they are produced, they provide historical information only – they cannot be used to make day to day decisions. Accurate and regular management accounts allow you to see where you are today, not yesterday. In addition, they will act as a basis for your annual accounts, thereby reducing the time, and therefore the cost, of producing them.

Our Management Accounts Service includes:

  • Monthly Profit and Loss Accounts
  • Monthly Balance Sheet
  • Debtor and Creditor Listings
  • Cashflow Forecasts
  • Profit and Loss Forecasts

If you choose to use Xero Online Accounts with us, these management reports will be at your fingertips at any time with up to date information. Why not have a chat with us over a coffee to see how Northeast Bookkeeper can tailor management information to precisely match your requirements? Our initial consultation is entirely free of charge or obligation.