Management Accounts
Many small and medium sized businesses only prepare management accounts if requested by a third party e.g. a bank. However timely management information is key to business owners making informed business decisions.
Outsourcing your management accounts function to Merlin Business Services can free up valuable time which can be better served spent on your core business operations whilst giving you the key information required to efficiently run your business.
As well as providing a bookkeeping service we can take this a stage further and provide a management accounts function which will include the following:
- Preparing monthly/quarterly profit and loss accounts.
- Preparing monthly/quarterly balance sheets.
- Preparing monthly variance reports (comparison of actual to budgets).
- Preparing monthly /quarterly ratios and KPI’s (Key Performance Indicators).
- Preparing cash flow projections.
- Assisting with setting of budgets.
Even if we do not assist with your bookkeeping we can still provide the management account services to include the above reports and also report on bookkeeping and internal controls breakdowns.
To discuss your business requirements please contact us to arrange a free no obligation meeting.