Monthly Management Accounts

Rather than a set of accounts just once a year, you receive a fully reconciled set of accounts each month, with a report pack containing your Profit & Loss account, Balance Sheet, Aged Debtors & Creditors, Cashflow Summary and an Executive Summary giving you the top-level information. We can also add in any further reports required (budget analysis, departmental reporting etc). Alongside the report pack, the main value we add is our analysis and commentary on the monthly performance, as your external trusted advisers.

Budgets & Forecasts

We believe that every business should have a 3 year financial budget to plan where you want to be heading. This gives direction to the board and the entire team as to what the business is trying to achieve so you are all working in sync. We’ll also create, manage and update a rolling 12 month 3 way forecast of profit & loss, cashflow and the balance sheet so you always know what the future financial performance and position of the business looks like, based on what we already know today (committed sales and costs). This is about bringing the future into the present so you can do something about it.

Quarterly Review Meetings

We will work with you to define the Key Performance Indicators that underpin the success of the business. These will be a combination of financial and non-financial measures. We’ll put these into a separate report each quarter and again provide our analysis on the results, and work with you to improve the results over time. We’ll host a Quarterly face-to-face meeting to address anything you want to discuss with us as your professional advisers and anything that we have identified as areas that will benefit from some closer attention, guided by the reports which will be presented in the meeting.

Pre-Year End Tax Planning Review

A lot of accountants will wait until the end of the year when they typically tell you to make any purchases before your year end, so you can make savings on your tax. This is the most basic form of tax planning and at that stage is too late. We implement our Pre-Year End Tax Planning Review 3 months before your year end so we can start making a real impact and minimise the tax you have to pay.

Monthly Credits

Choose the amount and type of additional support you need to take your business forward each month. Each credit is approximately 30 minutes of time.