Management Accounting & Consulting

Often, owner-managed businesses don't get regular and accurate management information in a format that allows informed decisions to be made. Sometimes decisions are made based on incomplete or outdated information, and the consequences of this can be catastrophic.

For those clients who want it, we implement a two-stage process to help business owners feel more in control of their businesses, have a greater chance of survival, and make more money.

Firstly, we get involved in the accounts department of our client (to the extent that there is one), and implement systems and training to make sure that management accounts are prepared regularly, and that when they are prepared, that they are accurate (the information presented is factually correct), timely (presented shortly after a reporting period (month or quarter) ends), and relevant (provide information in an understandable format that is helpful and useful to making decisions).

Secondly, we meet with our client periodically (frequency agreed in advance), to go through and interpret the management information, which has already been interrogated for accuracy, and to assist our client to make and implement decisions arising from the financial position set out in the management accounts.