ABERTAWE ACCOUNTANCY SERVICE

TEL 01792 310110 - OPEN Saturdays as well, by appointment.

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Management Accounts

What are Management Accounts?

Management accounts are what they say they are. Accounts which are prepared with the aim of helping managers make important business decisions, whilst having the benefit of full financial information. Many small businesses rely solely on the end of year accounts to understand their financial situation and as a result probably miss a number of opportunities or make bad decisions, simply because they did not have access to accurate, timely, financial information. Management accounts can be produced monthly, quarterly, half-yearly or any other period that is relevant to you.

Most businesses receive a Profit and Loss and Balance sheet relating to the previous accounting year, from their accountants. The only problem with end of year accounts, is that the first period on those accounts can be 20+ months from the current month, which makes the information less useful as a tool on which to base business decisions. A lot of businesses only use their end of year accounts to compute their tax liability and have to pay a lot of money for the privilege!

How can management accounts help improve your business?
• Many business have commercial loans with retails banks, our service means you meet your contractual obligations of providing management accounts on a quarterly basis.
• Having regular reports allows you to examine your cash flow, observe trends and seek additional capital injections (should it be required), based on accurate forecasts
• By looking at a profit and loss statement you can very quickly see where your business stands in terms of profitability, on a regular basis, giving you the right information to make changes, if necessary.
• Allows you to predict future events based on historical trend information, giving you an edge over your competitors.

Some of the formats of management accounts we can provide:-
• Profit and Loss Statements
• Balance Sheets
• Cash Flow Forecasts
• Debtor Listings
• Creditor Listings
Upon agreement we will consult with you as to what management information would add value to your business and allow you to make the right business decisions.

We look after small and large businesses. We have clients who are sole traders with only one member of staff, directors for salary and dividends, Ltd Companies with 100 plus members of staff.Big or small we look after you all!!!

If you would like to discuss your requirements further please do not hesitate to contact us today on 01792 310110. You’ll be glad you did!!

We are based in The Enterprise Zone,llansamlet, Morriston, Swansea and we cover businesses in Swansea, Neath and Port Talbot areas. Abertawe Accountancy Service is a friendly reliable accountancy service at an excellent price. Give us a ring now on 01792 310110 to book your first meeting.

We pride ourselves in taking an interest in your business. We not only look after your accounts but can help the business grow with added services such as business advice, protecting your assets, increasing your profits, grants, free staff, marketing, loans and much more besides....

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Abertawe Accountancy Service

The Business Centre, 1-5 Peniel Green Road,

Llansamlet, Swansea. SA7 9AP

Tel Swansea 01792 310110

email us

©Abertawe Accountancy Service - Accountants in Swansea

Areas Covered : Morriston, Swansea, Birchgrove, Clydach, Port Tennant, Landore, Brynhyfryd, Plasmarl, Tycoch, West Cross, Mumbles, Oxwich Bay, Oxwich, Gower, Bryn Melyn, Neath, Briton Ferry, Cimla, Skewen, Hafod, Sandfields, Port Talbot, Graig.