Management Account for your Organization
In today’s ever-changing world, making the right financial decision can be the key to success. Having access to up to date and accurate financial reports are essential and that’s where management accounts come in.
What are management accounts?
Management accounts are financial reports that provide an internal view of your company’s financial performance and standing. Unlike traditional annual financial statements, management accounts are tailored to meet your business’s specific needs and prepared at regular intervals giving you real-time insights into your company’s financial health.
The management accounts information does play a crucial role in improving your business efficiently and successfully. We at EKMA Accountants focus on value creation, and the choice lies on you to choose monthly or quarterly management accounts. We will produce useful management aids, such as periodic reports, including but not limited to profit and loss, balance sheet, cashflow statements, and various performance indicators. These are valuable for our clients as it enables them to make clear business decisions and plan for the future.
Our management accounts reports can help to:
- Identify trends and fluctuations in key sales and expenses.
- Discover how well different products or services are being sold?
- Measure the performance of your business.
- Forecast profits and budgeting for costs.
- Estimate future tax liabilities.