Directors must stay informed
The Companies Act requires directors to act with the care, skill and diligence expected of a person in their position.
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Management Accounts
We prepare management accounts that show directors how the business is performing.
Why you need it
Why Your Business Needs Management Accounts
Regular management accounts give directors current financial information so they can monitor performance, manage risk and make decisions based on facts.
Avoid reckless trading
The Companies Act prohibits a company from carrying on business recklessly or while it cannot pay its debts.
Better provisional tax estimates
Current figures during the year help produce accurate provisional tax estimates.
Decisions based on facts
Regular reports show trends in sales, costs and cash before they become problems.
How we deliver it
How we deliver management accounts
We keep the process clear, practical, and focused on your service needs.
- 1
Bring your books up to date
We make sure your bookkeeping for the period is complete and reconciled.
- 2
Prepare the reports
We prepare the income statement, balance sheet and cash-flow information.
- 3
Compare and explain
We compare results with budget or the prior period and highlight what changed.
- 4
Discuss the results
We walk you through the numbers and what they mean for your decisions.
Related Accounting & Bookkeeping
Ready to get your management accounts sorted?
Request a quote for management accounts support from Happy Business Solutions.