management accounts & reports
We believe Management Accounts and Reports are key to the success of a growing business.
A Management Information Pack should be produced on a regular and consistent basis, typically either monthly or quarterly.
The ideal Management Information Pack will be consistent, not overly detailed, use visual aids not just numbers, include your Key Performance Indicators (KPIs), consider financial and non-financial data and compare actual results to plan.
A regular Management Information Pack enables business owners to make informed decisions on key matters to lead their business towards their business goals.
We work with business owners to identify the relevant KPIs and advise on systems and processes to enable their team to accurately record and measure these. We prepare Management Information Pack for clients for set deadlines or work with their current team to achieve this.
The Following Should Be Included In An Effective Management Information Pack:
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Dashboard – a one-page overview of the relevant KPIs.
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Commentary on performance and position – one page at most.
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Profit & Loss showing Gross Profit and Net Profit Margins.
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Profit and Loss Comparison to Prior Year or Budget.
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Cash Position review including working capital analysis.
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Balance Sheet at period end.
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Business-specific additional data.
With our tailored management information packs, we can provide you with an in-depth analysis of your business, presented in a way that you understand. Our goal is to help you understand what your numbers really mean, breaking down insights, highlighting monthly performance positions and enabling your business to make timely, strategic decisions.