Management accounts help those running a company to understand the financial side of their business. Used as a source of information to make strategic decisions, they are often prepared on a monthly or quarterly basis, and can be tailored to a company’s individual needs.
Management accounts are not a legal requirement as with financial accounts; they act as more of a guide. Southside Accountants in Streatham SW16 offer management accounts preparation as part of their service, helping clients to understand their business finances.
What do management accounts include?
They can include any information that would be useful to management, and be as straightforward or as complicated as necessary. It all depends on what information is needed to make long-term decisions…. Continue Reading