Management Accounting Consulting

Often, owner-managed practices 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 Sometimes decisions are made based on incomplete or outdated information, and the consequences of this can be catastrophic.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 medical and dental practitioners who want it, we implement a two-stage process to help practice owners feel more in control of their practices, 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.

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"After over 15 years with the same accountant that consisted of my sending him data and him filing tax returns, I have found Lansdell & Rose to be very approachable, informative, proactive and have their finger on the pulse of my financial condition on a week by week basis. They deal with matters in minutes that would take me days. I have already taken advice that will halve my tax bill for next year."

– Dr Koray Feran, Restorative and Implant Dental Surgeon, London