Management Accounts
In today’s fast moving world, businesses require information in real time and financial information is no different. Annual financial statements are historical by their nature and so relying solely on them to inform business decisions can often lead to missed opportunities and delayed decision making which can cost your business money.
Management accounts prepared on a weekly, monthly or quarterly basis are a great way of keeping up to date with your businesses performance and make it easier for you to monitor your progress and to make constructive business decisions in a timely fashion. Management accounts are a must for successful business owners. Indeed, they are now a mandatory requirement for many financial institutions who include them this as a covenant within their loan facility letters.
