MANAGEMENT ACCOUNTING
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What is management
accounting?
In short, management accounting turns your normal record keeping activities into valuable, actionable financial information and provides business insights, which you can use to improve the performance of your business.
TAKE A LOOK AT WHAT YOUR MANAGEMENT ACCOUNTS WILL LOOK LIKE
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We use charts & graphs to visually present your financial information, allowing you to easily spot
trends
We present key financials to give you an immediate
SNAPSHOT of your business' financial performance
We provide financial commentary to lend insight into the results - discover what drives performance in your business
View or download a full copy of our example management accounts
here:
Management accounting in more detail
How is it different from ‘regular’ (financial) accounting?
Management accounting focusses on calculating and presenting information which helps you run your business.
‘Regular’ accounting (or ‘financial accounting’) is a legal requirement under the Companies Act, and involves preparing statutory accounts for the purposes of satisfying mandatory requirements. As such, financial accounting involves the preparation of your company’s financial information in a format acceptable to the regulatory bodies – otherwise known as the applicable ‘financial reporting framework’.
Management accounting, however, is not limited by legal requirements, and involves preparing financial information from your books and records, in a format that is useful to you for running your business.
HOW CAN OUR MANAGEMENT ACCOUNTING REPORTS HELP YOUR BUSINESS?
Our management accounting reports focus on the Key Performance Indicators (KPI's) of your business and analyse the financial performance and liquidity of your business.
This financial information allows you to monitor your businesses performance and growth - AND crucially, spot any areas of under-performance in the business.
This information allows you to focus on maximising the performance-driving areas of your business, and make changes to the under-performing areas - driving success and growth.
We offer our Management Accounting
services at per report
£200
Are you struggling to see how your
business is performing
Most of our clients opt for monthly or
quarterly management accounts
?
Want to turn your bookkeeping activities
into a valuable process
?
Enquire at contact@waitefinancial.co.uk
See our fees page for full details
Call us on 020 3916 5018
Or fill out the below:
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