Service overview
Management accounts are regular financial reports prepared during the year rather than at the end of it. They are designed to help business owners understand how the business is performing, how cash is moving and where the financial position stands, at a point in time when decisions can still be made.
At Accountant Bookkeeping Ltd, we prepare management accounts and business reporting for sole traders, partnerships and limited companies throughout Bournemouth, Dorset, London and across the UK. Reporting can be provided monthly or quarterly, depending on the level of detail that is useful to you.
Statutory accounts look backwards at a completed accounting period. Management accounts are prepared with a different purpose: to support day-to-day decision-making, monitoring of performance against expectations and planning for the months ahead. The figures are based on the records and information available at the time and may include estimates, and they are not a substitute for the statutory accounts of the business.
Reporting is prepared using the information held in your accounting records and is tailored to the areas that matter most to your business, whether that is margin, cost control, cash flow or reporting to directors and other stakeholders.
As an AAT Licensed Accountant, we provide management accounts and business reporting with transparent fixed-fee pricing and no VAT charged on our fees.
Pricing
Our Management Accounts service starts from £75 per month. The final fee is confirmed by fixed quotation following an initial review of your requirements and the level of reporting you need, so you know the cost before any work begins. VAT is not charged on our fees because we are not VAT registered.
Who this service is for
- Owner-managed limited companies that would like regular visibility of performance during the year.
- Sole traders and partnerships with growing turnover or more complex costs.
- Businesses with fluctuating income or seasonal trading patterns.
- Directors who need reporting to support board or shareholder discussions.
- Businesses preparing for investment, refinancing, growth or a future transaction.
What we can provide
- Monthly or quarterly management accounts
- Profit and loss reporting
- Balance sheet reporting
- Cash position
- Budget versus actual reporting where applicable
- Cost and margin analysis
- Management information
- Director/business-owner reporting
Why management accounts matter
Accounts prepared after the year end confirm what has already happened. Management accounts are prepared during the year so that you can see how the business is performing while there is still time to act on what the figures show.
Regular reporting can help you monitor cash flow, understand where profit is being generated, identify costs that have moved unexpectedly and assess performance against expectations or budget. It can also provide useful supporting information when speaking with lenders, investors or other professional advisers.
For many business owners, the main benefit is clarity: knowing the financial position of the business at a given point in the year, in a format that is straightforward to understand, rather than relying on a bank balance alone.
How it works
Agree the reporting
We agree the reporting frequency, the reports you would like and the periods they should cover.
Information and records
We work from your bookkeeping records or accounting software, and any additional information you provide.
Prepare the reporting
We prepare the management accounts and business reporting and explain the key figures in plain English.
Review and adjust
We review the reporting with you and adjust the format or content as your requirements develop.
Information we may need
- Access to your accounting software or your bookkeeping records.
- Business bank statements and records of business expenditure.
- Sales and purchase records, including invoices and supplier bills.
- Payroll information where the business employs staff.
- Budget, forecast or target figures where you would like budget versus actual reporting.
- Details of significant transactions, asset purchases or one-off costs during the period.
- Any existing management reports or reporting formats you would like us to follow.
Frequently asked questions
Related services
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