Management Accounts & Reporting
Regular financial reporting for business owners and directors.
We prepare management accounts that give you a regular view of profitability, cash flow and financial performance. By combining financial statements, budget comparisons and commentary, we help you understand changes in the business, monitor progress and identify areas that need attention.
Based in Greater Manchester, supporting clients across the UK.
At a glance
- Who it is for
- Business owners and directors who want regular, decision-ready reporting
- What you receive
- Profit and loss, balance sheet and cash reports, with budget comparisons and commentary
- How often
- Agreed around your business, commonly monthly or quarterly
- Built from
- Your bookkeeping records and, where agreed, your budget
- Leads to
- Forecasts, budgets and tax planning decisions
Management Reporting and Analysis
Financial reports
We prepare profit and loss, balance sheet and cash reports in a format relevant to your business.
Budget and variance analysis
We compare actual results with budgets and previous periods, explaining significant differences.
Performance measures
We analyse margins, costs and other indicators that reflect your business priorities.
Review and commentary
We discuss the results, their implications and matters requiring further investigation or action.
Reviewing Performance Against Your Plans
We highlight significant variances and discuss the factors behind them, such as changes in costs or sales. This provides a basis for reviewing budgets, examining performance and deciding where more detailed forecasting or advice would be useful.
What are management accounts?
Management accounts are internal reports used to run a business. They show how the business performed in a month or quarter, what it owns and owes, and how much cash it has, usually against a budget. Unlike statutory annual accounts, which follow formal reporting requirements and are filed after the year end, management accounts can be produced whenever you need them and in whatever format helps you decide. They do not replace your year-end filings; see annual accounts and corporation tax.
What your management accounts pack can include
- Profit and loss compared with budget and with the same period last year
- Balance sheet with key movements explained
- Cash position and expected cash needs
- Margins, overheads and other measures agreed with you
- A written commentary on what changed and what to look at next
We agree the content and layout with you, so you receive reports that match the decisions you make.
How we prepare management accounts
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Agree the format and timetableWe decide what you need, how often and by when.
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Rely on good recordsManagement accounts are only as accurate as the bookkeeping behind them, so we review and, where needed, support your bookkeeping and cloud accounting.
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Prepare the reportsWe produce the agreed reports and compare them with budget and prior periods.
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ExplainWe discuss the results with you and highlight matters needing action.
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Plan aheadWhen you need forward-looking analysis, we move into business consultancy and cash-flow forecasting.
What affects the fee for management accounts
We do not publish fixed prices. The fee reflects the reporting frequency, the size and complexity of the business, how many measures you want analysed, the state of the underlying records and the level of commentary. We agree the scope and fee in writing before work begins.
Frequently Asked Questions
Straight answers to common questions about this service.
How often will we receive management accounts?
We agree a schedule around your business and reporting needs, commonly monthly or quarterly. The frequency should support the decisions you need to make.
How do management accounts differ from statutory accounts?
Management accounts support internal decisions throughout the year. Statutory annual accounts follow formal reporting requirements. We prepare each for its distinct purpose.
Will you explain the reports?
Yes. We review the financial results with you, explain significant movements and discuss what they mean for your business.
Becoming a Client
Contact us to discuss the reporting and analysis you need to monitor performance and inform business decisions.
We agree the scope and fees in writing before work begins. Any additional work and costs are agreed with you in advance.