Management Accounts

We can also produce figures on a monthly or quarterly basis covering profit and loss performance and predicted balance sheet to monitor the performance of the business and help with future forecasting. These reports enable you see where the business is spending money, which goods and services are generating income , how much profit is being made and how much to set aside for liabilities such as tax.

They will also form a key part of your business plan which should be reviewed on a regular basis. If you require finance a Bank will expect this to be included in your application.

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Elliott Brown Book Keeping - Management Accounts