Management Information is vital to
the success of any business, Fennell &
Co work closely with you to ensure that
we understand your business and are
empowered to make suggestions to help
improve your business. We can produce
your monthly or quarterly management
accounts, ensuring that you always have
your finger on the pulse, with accurate
timely information about the performance
of your business.
Management accounts will enable
you to:
- compare your accounts with the
original budgets or forecasts
- better manage your resources
- identify trends in your business
- highlight variations in your
income or spending which may require
attention
Firstly, Fennell & Co Accountant’s
management accounts are NOT the same as
annual statutory accounts produced
monthly or quarterly because they must
include elements of ; Budget Control;
Variance Analysis; Costing; Ratio
Analysis, as well as the profit and loss
and balance sheet.
Our management accounts are tailored
to provide information on key
performance indicators of your business;
this ensures that you gain the greatest
benefit.
Management accounts analyse recent
historic performance of businesses, and
usually include forecasts of future
performance. We can provide management
accounts for businesses on a monthly or
quarterly basis.
Our management accounts are produced
to present the month on month
performance of the business. Click here
to view a sample set of management
accounts for a fictional business.
We will explain the information
presented in the management accounts to
ensure that you are armed with the right
information to use them to improve the
performance of your business.
We want you to benefit from
higher profitability, an improved
turnover and a healthy cash flow.
