Management Accounts for Hertfordshire Businesses

Annual accounts tell you how your business performed last year. Management accounts tell you how it is performing right now. For growing businesses, having timely and accurate financial information is essential for making good decisions.

We prepare monthly and quarterly management accounts for businesses across Hertfordshire, giving you a clear picture of your profit and loss, balance sheet, and cash flow position.

What's included

• Monthly or quarterly profit and loss account
• Balance sheet
• Cash flow statement and forecast
• Key performance indicators relevant to your business
• Comparison against budget or prior year
• Commentary on the figures and any areas of concern
• Review meeting or call to discuss the results

Why management accounts matter

Without regular financial information, it is easy to be caught out — by a tax bill you have not budgeted for, a cash flow squeeze caused by slow-paying customers, or a cost that has crept up without being noticed. Management accounts give you the visibility to act before problems become serious.

Budgeting and forecasting

We can also help you build a budget for the year ahead and prepare cash flow forecasts to support funding applications or business planning. Having a credible financial model makes conversations with banks and investors significantly easier.