Management Accounts

Keeping accounting records is not just to keep HMRC happy or fulfil your legal obligations; it is the only way to see where your business currently stands.

Up-to-date and current financial information is essential to monitoring your business performance and is vital for the smooth running and success of your business. For instance:

  • Does the management information you receive enable you to make informed decisions or do you find yourself second-guessing?
  • Can you easily identify your company’s progress against key performance measures?
  • Are you able to pinpoint niggles like bad debts on your weekly or monthly reports before they become a real concern?
  • Do you receive regular financial information in a format that you understand and trust?
Prime offers monthly or quarterly management accounts to businesses wherever you are in the country.

In addition, we can assist you to get the best from your existing in-house accounting solutions to aid management reporting. This would include the tailoring of standard reports to suit your needs and training. Our team has extensive knowledge of Sage, QuickBooks and many other packages including the new online offerings such as Xero.

In difficult economic times the businesses which survive and prosper are those which have key performance indicators at their fingertips rather than making decisions by gut feel or looking purely at the bank balance.

Knowledge is power and good management accounts enable you to make informed decisions that are crucial to the success of your business.