Annual accounts are a good indicator of how the business is performing, but often you will require more current information to enable you to react more quickly to any particular situation. Sometimes this is required from an external party, such as your bank.
We can prepare monthly or quarterly management accounts for your business on a timely basis to help you monitor performance and identify any issues early. The accounts can be tailored to your particular business, so that we report the results and KPI’s (key performance indicators) that are important and relevant to you. Regular management accounts also ensure you avoid any nasty ‘end of year’ surprises, as the tax liability can be estimated throughout the year.