Covid-19 (Coronavirus) Update

Coronavirus is having a huge impact on all sectors of business. Despite this, businesses are still having to manage their books, file VAT returns, run payrolls and most importantly their credit control processes. TFMC is continuing to provide our full range of services through this difficult time. For the latest information and support visit our Blog section or use our app with regular updates sent direct to your phone.

Management Accounts & Reporting Horsham

Contact Us

PROFESSIONAL MANAGEMENT ACCOUNTING IN HORSHAM

Many of Horsham’s Small and Medium Sized Enterprises (SMEs) struggle to manage their financial affairs simply due to a lack of adequate and up-to-date financial information. The term ‘management accounts’ is unfortunately a term not in the vernacular of most Horsham-based business owners. Management accounts help businesses make informed financial decisions based on timely and accurate financial information. This information is typically produced weekly, monthly or quarterly. Management accounts give you an up-to-date picture of your profit and cost centres.

 

WHY YOU SHOULD CONSIDER MANAGEMENT ACCOUNTS

Unlike year-end accounts, management accounts are not something businesses must produce in order to comply with law. This position has led many business owners to falsely conclude management accounts are not necessarily for the running of their business. However, as many of our customers will tell you, receiving monthly or quarterly management accounts affords their business a terrific source of competitive advantage over rivals who not invested in this information.

Management accounts allow our SME customers to pinpoint profit and cost centres within their business with laser targeted accuracy. Management accounts informs our customers where exactly money in their business is coming from and where it is being spent. This knowledge in turn allows our customers to seal up cost leakages whilst tapping into new streams of revenue.

Management accounts gives our customers the ability to improve cash flow and stay on track of budgetary targets.

 

BASE FINANCIAL DECISIONS ON FRESH INSIGHTS

The majority of SMEs base business decisions on year-end accounts, even when this information is several months old. Basing important financial decisions on historical information often causes more trouble than good. Instead many diligent Horsham business owners have come to rely on the management accounting service offered by The Financial Management Centre.

 

WHAT YOU RECEIVE

The management accounts you receive typically includes:

  • Profit and loss statement
  • Balance sheet
  • Cash flow forecasts
  • Debtor listings
  • Credit listings
  • Break-Even analysis
  • Profit margin analysis

Since the format of management accounts is not restricted in the same way as year-end accounts, our advisers are able to include non-financial as well as financial information too. You are able to select Key Performance Indicators which drives profit in your business and/or improve efficiency and/or decrease costs. Information to include in your management accounts really is up to your.

 

WE ENSURE YOU UNDERSTAND THE INFORMATION IN YOUR ACCOUNTS

The service we provide means an adviser is on hand to explain the significance of information contained within management accounts. This service is included in the price you pay. The accounts we supply contains stunning and easily understandable charts and graphs which aid understanding of your accounts and makes it easier to compare one time period against another.

 

CONTACT THE FINANCIAL MANAGEMENT CENTRE TODAY ON 01494 372043

If you would like to find out how our management accounting service in Horsham can help your business reach the next level in its progression please call the office on 01494 372043 today. Alternatively complete the enquiry form.

How can we help you

We recognise that not all businesses are the same and will be at different stages of their development. We offer a wide range of services to small-to-medium-sized businesses.

Startup

Finding the right accountant to help you look after the financial side of your new business is a key decision which could save you a lot of time and money.

Learn More
Sole Trader

Sole traders are independent business people with drive and ambition. It is important that you use a dedicated accountant who understands that.

Learn More
Limited Company

Whether you are a small-to-medium-sized business or need a fully dedicated accountant to help meet the challenges faced by limited companies, we can help.

Learn More
Partnerships

Whether you are a small-to-medium-sized business or need a fully dedicated accountant to help meet the challenges faced by limited companies, we can help.

Learn More

Our Plans

All our packages are fully customisable and we offer a fixed price monthly payment schedule - no surprises! This gives you certainty and allows you to spread the cost across the year.

Essential

From

£75

Per month*

Learn More

Our essential package is suited to all businesses who are looking to ensure compliance with reporting requirements.

Professional

From

£300

Per month*

Learn More

Take away the burden of managing finances and start focusing more on your business by investing in our professional package

Ultimate

From

£750

Per month*

Learn More

Completely outsource your accounts whilst still maintaining a close eye on company performance with our ultimate package

* Fees vary depending on the size and need of the client business. Packages can be tailored so please contact us to discuss your requirements.