Management Accounts & Advisory
Most business owners only get a clear picture of their finances once a year, by which point it's often too late to act on what they find. We change that. Our management accounts service gives you regular, reliable financial reporting throughout the year, so you always know where your business stands and can make decisions based on facts, not guesswork.
How We Can Help:
Monthly and quarterly management accounts
Profit and loss reports
Balance sheet summaries
Cash flow statements and forecasting
Budget setting and variance analysis
KPI tracking and performance reporting
Upcoming tax liability forecasting
One-to-one advisory meetings to talk through what the numbers mean
Why Choose Us:
We've been working with Sheffield businesses since 1996, and in that time we've seen how much of a difference timely financial information makes. Whether you're looking to grow, tighten costs, plan a big investment, or simply feel more in control, having up-to-date management accounts puts you in a far stronger position. We don't just send you a report and leave you to it. We sit down with you, explain what's going on, and help you figure out what to do next.
Who are management accounts for?
Management accounts are ideal if your business is growing, you're taking on staff or premises, you're applying for finance, or you simply want to know how you're doing without waiting until year end. They're also useful if you have business partners or investors who want regular updates.
What's in a typical monthly pack?
Profit and loss: income and costs for the month and year to date, compared with last year or your budget
Balance sheet: what the business owns and owes
Cash flow: where your money has gone and what's coming up
Key figures: the numbers that matter most to you, such as gross margin, debtor days or sales per job
Tax forecast: an estimate of upcoming Corporation Tax, Income Tax or VAT, so there are no surprises
A short commentary in plain English explaining what's changed and why
How it works
Free consultation. We talk about your business and what you want to know.
Set-up. We agree how often you'd like reports (monthly or quarterly) and make sure your bookkeeping is up to date.
Regular reports. We prepare your pack and send it to you promptly after each period ends.
Review meeting. We sit down with you, in person or online, to talk through the numbers and what to do next.
Frequently asked questions
Do I need management accounts?
They're not a legal requirement, but they help you make better decisions. Many business owners find they pay for themselves by spotting problems early.
Will a bank or lender ask for them?
Often, yes. Lenders usually want to see recent figures, not just last year's accounts.
Do I need accounting software?
It makes things much quicker. We work with Xero, QuickBooks and Sage, and can help you set up.