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Professional Management Accounting in Luton

Luton has no doubt led the way in the United Kingdom's post-recession economic recovery. Luton and surrounding areas have seen fantastic growth in the number of Small and Medium Sized Enterprises (SMEs) over the last decade. Most of these businesses are required by law to submit annual year-end accounts to Companies House. This requirement is not something most business people will savour each year. And for this reason many businessmen and women tie negative connotations to the financial reporting process.

Why invest in management accounts?

However a good deal of established and new businesses alike have discovered the usefulness of receiving weekly, monthly or quarterly financial management accounts. Since management accounts are not a legal requirement, there is no set format. This gives our clients considerable flexibility when it comes to including important Key Performance Indicators (KPIs) into their management accounts. KPIs can include non-financial as well as financial information. This information contained within management accounts affords our customers the ability to pinpoint where in their business improvements can be made.

Refuse to continue to base important financial decisions on irrelevant and historical information contained in year-end accounts. Instead choose to receive information accurately reflecting the current financial position of your business. In turn this information allows you and your colleagues to tap in to new sources of revenue, further exploit existing sources of revenue and discover areas of unnecessary business cost.

Shortly you and your colleagues will wonder how on earth you managed to survive in business for so long without receiving this important information.

When you sign up for the service you are allocated to an adviser . Agreed KPIs are reported on each week, month or quarter. An adviser makes sure you and your colleagues understand the significance of information contained within your management accounts. Accounts provided contain visually rich charts and graphs allowing you and your colleagues to compare one financial period to another.

The management accounts you receive typically include:

  • Profit and loss statement
  • Balance sheet
  • Cash flow forecasts
  • Debtor listings
  • Credit listings
  • Breakeven analysis
  • Profit margin analysis

Make an appointment today

If you would like to find out more about this service you may call The Financial Management Centre in Luton today by dialling 01582 879872. When you call you will be greeted by one of our friendly staff members who may take initial details and schedule a convenient time for you to meet with an adviser. Alternatively complete the enquiry formand a member of our team shall respond to your message shortly.