These are interim accounts, used by management to help them keep track

New legislation requires company directors to demonstrate that they have planned for their company to be successful. Although success can be defined differently for different businesses – it could be profit, people helped or some other factor – all business managers should be able to monitor this.

Effective managers know what their company is up to, and this is where management accounts come in. These are interim accounts, used to help you keep track. They’re not necessarily produced for outside parties, though some lenders or financiers insist on management accounts to monitor their investment.

We’ll be happy to help you set up systems or produce management accounts to monitor your business success.

To find out more please speak to your account manager or call us on 01428 64 44 33.