Management accounts
Management accounts in Plymouth
We can prepare and manage your accounts, providing you with accurate and timely statistical and financial information for your day-to-day and short-term decision-making process. Contact Tamar Accounting today.
Management accounting
Although management accounts are not subjected to audits, they are used by the management team of a company to monitor cash flow and make important business decisions. They include weekly, monthly and fortnightly reports on all the monetary and non-monetary aspects of a company that can help managers to plan their business accordingly. All reports are presented in chart formats that help the management team to analyse the performance of their business easily. They even help to reduce year-end audit and accounting costs by flagging up issues and queries long before the year-end. For reliable and professional management accounting services in Plymouth, contact Tamar Accounting. We'll prepare and provide you with regular financial and statistical reports on your business so that you can make wise managerial decisions.
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Uses of management accounts:
- Break-even analysis: This shows a number of ways by which the business could attain a no profit no loss situation.
- Forecasting: This determines the financial bottlenecks of an organisation and their impact on the business.
- Stock valuation: This determines the direct and indirect cost of stock in hand.
- Capital budget analysis: This helps you to take decisions on acquiring fixed assets, and with cash flow management.
- Financial accounting: Management accounting represents financial information at regular intervals, and therefore helps with the preparation of financial statements at year-end.
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