Annual accounts tell you how last year went - long after you can do anything about it. Management accounts are different: produced monthly or quarterly, they show you what is happening in your business now, while there is still time to act. I Sumar & Co prepare clear, practical management accounts for businesses across the UK. As ACCA-registered Chartered Certified Accountants, we turn your numbers into the kind of information you can actually run a business on.
What Our Management Accounts Include
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Monthly or quarterly profit and loss reporting
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Balance sheet and cash position summaries
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Comparison against budget and previous periods
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Key performance indicators relevant to your business
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Cash flow analysis and forecasting
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Plain-English commentary, not just spreadsheets
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A regular review to talk through what the numbers mean
Decisions Are Only as Good as Your Information
Whether you are deciding to hire, invest in equipment, take on premises or simply understand why cash feels tight despite good sales, you need accurate, current numbers to decide well. Management accounts give you that. They are also invaluable when approaching a lender or investor, who will expect to see that you understand and monitor your own finances. We make sure you always have a clear, current picture.
Management Accounts- Frequently Asked Questions
Annual accounts are a statutory year-end record, filed with HMRC and Companies House. Management accounts are produced regularly through the year - monthly or quarterly - to help you run the business while there is still time to act on what they show.
Most businesses benefit from monthly or quarterly accounts. The right frequency depends on your size, how quickly things change, and the decisions you face. We will recommend what suits you.
Even small businesses gain a great deal from knowing their real position regularly rather than waiting for year-end. It often makes the difference between reacting to problems and anticipating them.
