Bookkeeping is the process of maintaining your books and records, but if you require more in-depth management information then you may need Management Accounts to be prepared on a monthly or quarterly basis. Banks, finance providers and potential investors may well ask to see management accounts before lending or investing with you so these accounts could be vital.
These accounts will include accounting entries that are not part of the bookkeeping process. Accruals and prepayments for expenses, sales not yet billed, tax charges and stock adjustments are just some of the entries made to give you more accurate picture of your position if you cannot wait until the year end for a more definite take on your numbers. We can assist in the creation of these accounts and design them to give you meaningful information you can use in your business.