Management accounts are the primary source of information which businesses and organisations use to run their operations and plan for the future. Many small and medium-sized businesses, however, do not have the necessary in-house resources or capabilities to produce this invaluable source of management information.

We can help you to prepare management accounts for either internal or external reporting purposes.

Although the main aim of management accounts is to provide management with an accurate picture of business and financial performance, we can tailor the report to match your specific needs. For example, we can incorporate:

• Actual performance versus budgeted performance.
• Cash projections and key performance indicators.
• Costing information at a product/service, departmental or business-wide level.
• Non-financial information e.g. time to market, sales tracking, production line statistics, turnaround times, employee absence levels.

As well as providing peace of mind of your performance we will offer you our advice on the remedial actions required to enhance the future prospects of your business.

What will our management accounting and internal reporting services give you?

• Assurance that your management accounts are reliable and robust and that your business is complying with its statutory and legal obligations.
• Peace of mind that your business is running smoothly and we will also provide our recommendations on how to improve performance.
• Help you to improve your overall financial and tax position.
• The confidence of your suppliers, investors and bankers.

 

Contacts:

Gordon Armour, Partner, Business Advisory

Donald Forsyth, Partner, Business Advisory

Jon Strickland, Partner, Audit & Assurance