What are management accounts?
Management accounts are internal financial reports, usually produced monthly or quarterly, showing revenue, costs, profit, cash flow and key performance indicators. Unlike statutory accounts, they’re prepared for owners and managers rather than regulators, so you can act on current data instead of figures that are months old.
Our management accounts services
Monthly management accounts
Monthly financial statements, KPI reporting, income and expense review, and a cash flow overview.
Quarterly management reports
Deeper reviews for strategic planning and board discussions.
Profit and loss reports
Revenue, cost of sales, gross profit, operating expenses, net profit, EBITDA and margin trends.
Balance sheet reporting
Assets, liabilities, equity, working capital and debt.
Budget vs actual analysis
Compares plans with results and keeps spending on track.
Cash flow reporting
Cash in and out across operating, investing and financing activities.
KPI dashboard reporting
Revenue, profit, expense, cash and operational metrics in one view.
Executive financial reporting
Board and investor-ready summaries with risk analysis and outlook.
Our process
Free consultation
We discuss your business, reporting gaps and financial goals.
Business assessment
We review your systems, software and reporting needs.
Data collection
We securely gather your data and connect to your accounting platform.
Bookkeeping review
We check the underlying records before reporting begins.
Report preparation
We prepare your P&L, balance sheet, cash flow and KPI reports.
Financial analysis
We examine trends, variances and performance drivers.
Presentation
We walk you through your report with clear, practical commentary.
Continuous support
Ongoing monthly reporting and financial guidance.
FAQs
Frequently asked questions
What’s included in a management accounts package?
A profit and loss report, balance sheet summary, cash flow report, budget vs actual analysis, KPI dashboard and written commentary with recommendations.
How often should management reports be prepared?
Most businesses benefit from monthly reports with a deeper quarterly review.
How can management accounts improve profitability?
They show which products, services, departments or customers are most profitable and where costs are eroding margin.
What’s the difference between statutory and management accounts?
Statutory accounts are prepared annually for compliance. Management accounts are internal, more frequent, and designed to help you run the business.
How do KPI dashboards help?
They bring key financial and operational metrics into one view, so you can spot trends at a glance.