Management Accounts London
Management Accounts are one of those things you don’t realise you need until you try them.
Like a Massage Gun or an Air Fryer, except you’ll still be using them in 6 months’ time.
How we help
We can’t promise miracles but we CAN promise you’ll have a better understanding of the numbers
Management accounts provide monthly or quarterly reports for business owners to make informed decisions. No more waiting until the year end.
Each management account is tailored to the business and includes data such as sales and profitability breakdowns.
The up-to-date data allows proactive decision-making and a better understanding of business performance.
By keeping on top of things in real-time, business owners can plan effectively and make necessary adjustments to achieve their goals.
Why do you need Management Accounts?
Management accounts provide a clear picture of how your business is performing to help you understand the ups and downs.
Whether you’re trying to scale your business, sell your business or prepare for investment, management accounts are vital, allowing you to really get under the bonnet.
Put it this way, a car is much more attractive to buy when it has a full-service history…
Do I really need Quarterly Catch-Ups?
Let's face it, a lot of business owners are quite happy to only see their accountant once year.
For some, the thought of a quarterly catch-up seems like unnecessary work. However, there’s method in our madness. We like to become an extension of our clients’ business, holding them accountable, offering advice and helping them achieve their dreams. We can only do that if we speak to our clients regularly, checking in every quarter to really see what’s going on. The beauty of using Xero and having live data means you can respond to things as they happen. Without quarterly catch-ups, you’re often reacting after the horse has bolted. Quarterly catch-ups let us do more than your traditional accountant, they let us be a genuine lifeline to your business and not just a necessary evil. It’s something we’re super passionate about, and rest assured, there is another way!
What is the point in Daily Bookkeeping?
In days gone by, accountants have requested boxes full of receipts of their clients, saved up for months at a time.
Daily Bookkeeping means your figures are up to date as soon as the next day so you can make more informed decisions and plan better.
With Daily Bookkeeping, you simply take a picture of a receipt using the Dext app, send it to us, and we reconcile them everyday so your figures are up to date on Xero.
So that client lunch you went to yesterday? Once you send the receipt over you’ll be able to see if reflected in your Xero as soon as the next day.
Real-time data = real-time business decisions.
What do we mean by 'dinosaur accountants'?
What do we mean when we talk about Dinosaur Accountants?
How to spot a dinosaur:
- Gets you to send months of receipts in one go
- Only speaks to you near the financial year-end
- Doesn’t offer any proactive tax planning
- Makes no attempt to understand your business or industry
- Heavily relies on outdated technology that isn’t fit for purpose (i.e Excel Spreadsheets…)
- Speaks in accounting jargon.
The time for accounting dinosaurs is over, find out how we do things differently and get in touch today!
Know what you need? Get a quote.
Get an instant quoteSimon Lead
Simon Lead
Having engaged Accounts and Legal a number of months ago I have nothing but praise for the whole team but specifically Clara and Fiona. Their exceptional level of knowledge and expertise in all aspects of accounting...
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