Management Accounts
- Equivalent to the year-end accounts but produced every month i.e. Profit & Loss + Balance Sheet.
- Checks promptly the progress and health of the business by reporting gross margins, net profit and the Balance Sheet.
- Identify overheads to allow greater control of costs and allow segmented reporting e.g. by department or by location.
- Satisfy the requirements of external investors for overdrafts and loans if required.
- Compare Period and Year to Date with the same month in the previous year which helps measure performance.
Bath Bookkeeping will tailor the management accounts to your specific requirements in terms of the wording, composition and layout. The objective being that you both understand and use the accounts to improve the profitability and boost the value of your business.
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