Management accounts are similar to the accounts produced by a financial accountant, but produced on a more regular basis, either monthly or quarterly.
For example by looking at a profit and loss statement you can very quickly see where your business stands in terms of profitability, however by applying some management accounting techniques will help you to learn how to improve and take steps at the right time to make improvements, observing what really is making the figures and how to actively control these.
I can look into ways to improve your internal systems, assessing strengths that could boost your profitability and identifying weaknesses to be dealt with.
Some of the management account formats I can provide include:
· Profit and Loss
· Balance sheets
· Cash flow Forecast
· Debtors Listings
· Creditor Listings
· Variance Analysis
· Budgeting and Forecasting
· Customer Profitability Analysis