Management accounts, budgets & forecasts

The management accounts, budgets and forecasts are essential tools to help all small businesses prosper.

The budget is your financial goal for each trading year. Management accounts should analyse how you have performed recently and the forecast tells you how much more you need to do to reach your financial goal.

With effective analysis of current trading and what lies ahead in your order book you can make timely management decisions which can generate the profit and cash you need before the trading period ends.

If you don’t monitor these closely (or until the year end) you are in serious danger of not making your required profit or worse still running out of cash.

However, the cost of employing a full-time accountant with the right level of experience to let you know how you are doing and what’s to be done can be prohibitive. We can offer help to make good management decisions as and when you need it thus saving money whilst creating value.

For a free consultation