Accounts
Management accounts in London
Monthly and quarterly reports that show how your business is really performing.
What is it
What are management accounts?
Management accounts are internal financial reports prepared monthly or quarterly to show how your business is performing during the year. Unlike statutory accounts, which look back at the previous year and are filed with Companies House, management accounts are not a legal requirement and are not published. They are designed for directors and owners who want to make decisions on up-to-date numbers.
A typical management accounts pack includes
- a profit and loss account for the month and year to date, compared with budget and last year;
- a balance sheet showing what the business owns and owes;
- a cash flow summary and forecast;
- key performance indicators (KPIs) such as gross margin, debtor days and overheads;
- a short commentary explaining what has changed and why.
Who we help
Who benefits from management accounts?
For businesses that want to stay ahead of their numbers, especially when growing, borrowing, raising investment or planning tax.
Growing SMEs
A monthly view of profit, margins and overheads, so you can act quickly.
Start-ups
Track cash burn, runway and early trends.
Companies seeking finance or investment
Up-to-date figures that support lending and funding decisions.
Directors planning ahead
Plan dividends, Corporation Tax and major purchases before the year end.
What’s included
What our management accounts service includes
Monthly or quarterly reporting
A consistent reporting pack delivered on an agreed timetable, usually within a few weeks of each period end.
Profit & loss with budget comparison
Income and costs for the period and year to date, compared with your budget and the previous year.
Balance sheet and cash flow forecast
A clear view of cash, debtors, creditors and loans, with a rolling cash flow forecast to spot shortfalls early.
KPI dashboard
The indicators that matter for your business, such as gross margin, debtor days and revenue per client, tracked over time.
Tax and dividend planning
Early estimates of Corporation Tax and the profits available for dividends, so there are no surprises at the year end.
Review meeting and commentary
A plain-English summary and a review call to discuss what the numbers mean and what to do next.
Pricing & transparency
We believe in clear, upfront information so you know exactly what to expect. The cost of management accounts depends on how often you need reports, the number of transactions and the level of analysis required. We provide a transparent quote with no hidden fees.
Price list
Pricing & transparency
We believe in clear, upfront information so you know exactly what to expect. The cost of management accounts depends on how often you need reports, the number of transactions and the level of analysis required. We provide a transparent quote with no hidden fees.
Services
Related services
Statutory accounts
Preparation of legally required financial statements, ensuring compliance.
Payroll & Pension
Accurate payroll processing and pension management.
Corporation Tax
Accurate calculation and filing of corporation tax.
FAQ
Management accounts: frequently asked questions
Are management accounts a legal requirement?
No. Statutory accounts are a legal requirement for limited companies, but management accounts are optional internal reports. Many businesses still use them because they give directors timely information that statutory accounts cannot.
How often should management accounts be prepared?
Most businesses choose monthly reporting, while quarterly reporting can suit smaller or more stable businesses. The right frequency depends on how quickly your business changes and on any reporting requirements from your bank or investors.
What is the difference between management accounts and statutory accounts?
Statutory accounts are prepared once a year in a set format, filed with Companies House and HMRC, and look back at the previous year. Management accounts are prepared during the year, in a format that suits your business, to help you make decisions now.
What information do you need from us?
Up-to-date bookkeeping or access to your accounting software, bank statements and details of any sales or costs not yet recorded. If your bookkeeping needs work first, we can help put it in order.
Can management accounts help reduce tax?
They help you plan. Knowing your likely profit before the year end gives you time to consider pension contributions, the timing of purchases and dividends, and to budget for your Corporation Tax bill.
Licenses & certificates
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Personalised financial guidance
Speak with our experts to discuss your accounting, tax, or corporate needs. Whether you are an individual, a startup, or an established business, we provide personalised guidance and reliable advice tailored to your circumstances
