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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 and Reporting Luton East

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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
  • Break-Even 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 form and a member of our team shall respond to your message shortly.

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.

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Sole Trader

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

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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.

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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.

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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*

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

Professional

From

£300

Per month*

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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*

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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.