Management Accounts

Although they are not a legal requirement they are invaluable and due in part to the economic downturn also often requested by Financing institutions. Unlike Annual Accounts, Management Accounts need to be prepared quickly, preferably within 21 days of the period end.

At Clay Shaw Butler we understand that every business is different and the content of Management Accounts provided are specific to each individual client. We then review these with you at each period end drawing your attention to the key areas requiring your attention.

We value good, long term client relationships and appreciate the need to have an in depth knowledge of each business. Therefore clients are allocated a specific team to look after their needs, ensuring they always know the best point of contact for any required assistance and prompt response to any queries they may have.

We can:

• design and develop bespoke management reports;
• prepare and file VAT returns online;
• perform periodic reconciliations of bank accounts, trade debtors and trade creditors as well as all other balance sheet items;
• post period end journals;
• use accounting software (desktop and cloud based solutions) or MS Excel at our offices or at yours;
• complete Management Accounts;
• compare your Management Accounts to your forecast figures, analysing variances;
• use the Management Accounts to assist with tax planning strategies and raising finance.

Management Accounts need not be expensive and often pay for themselves through:

• tax savings due to identification of planning opportunities;
• cost savings as a result of negotiating cheaper financing arrangements;
• increases in business profits though making better business decisions;
• reduced fees for the provision of Annual Accounts.

Contact us today to discuss the best Management Accounting system for you.