At Hobsons, we understand the importance of accurate and reliable management information to enable you to monitor your progress and allow for informed management decisions to be made.
This requires the timely production of accurate management accounts in a user friendly format.
Hobsons team can attend your premises (or prepare management information from information that you provide to us) to prepare monthly or quarterly management accounts.
We can either offer management accounts in conjunction with our book-keeping service, or separately from information provided by your staff.
In either case, management accounts are particularly important for businesses who do not have their own in house accountant. Our clients have found this service to be a valuable addition to routine book-keeping and accounting services.
Our team will prepare management accounts in a format suitable to your business. We will normally produce these in spreadsheet format so that you can focus on areas of particular importance to you.
By taking the time to understand your business and identify, with you, the key performance indicators that you wish to monitor, we can provide highly focused management information to enable you to understand trends and manage your business accordingly.
The key benefits of regular management information include:
- You are kept appraised of business performance throughout the year;
- Being able to provide banks and other stakeholders with up-to-date financial information on business performance;
- You can monitor the accounting function and identify business issues as they arise;
- Management accounts can be used as a basis for budgeting and forecasting, including close control over cash flow management.
Require more information?
If you would like more information or would like to speak to us direct then call us on 0115 9621590. Or if you would prefer, ask us a question online.