The objective of management accounts is to provide key financial and statistical information. This helps businesses to make day-to-day and long-term accurate decisions.
Platinum One Accountants offers weekly, monthly or quarterly a set of summarised accounts: Balance Sheet, Profit & Loss Account, Trial Balance and an Income Statement.
Financial Analysis and Future Projections
The management accounts we produce analyse your recent historical performance. It also allows for future projections such as sales, cash flow and profit forecasting. Furthermore, you will receive real-time information/data about your company’s trading position, enable you to identify overspends, recognise sales slumps, identify trends and predict possible issues. This will enable you to make informed strategic business decisions in a timely manner.
Our management account reports can be broken down, so that the performance of different aspects of your business can be measured/quantified individually, identifying specific strengths and weaknesses.
Furthermore, the analysis contained within our management accounts can be measured against forecasts and budgets made at the start of the year. This gives you regular updates on how well you are meeting your set targets/goals.