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Get expert help and comprehensive advice with our management accounting service.
There is no requirement, with HMRC or companies house, to prepare management accounts, but it is often difficult to identify performance within a business effectively and accurately without them; most companies, therefore, produce them on a monthly or quarterly basis.
At MJ Kane Accountants, we understand that managing the financial side of your business can be overwhelming. That’s why we offer comprehensive management accounting services to help you make informed business decisions.
Our team of experienced management accountants is dedicated to providing accurate and meaningful financial information to help you understand your business’s financial performance. We work closely with our clients to gain a deep understanding of their business and provide customized management accounting services that meet their specific needs.
As touched on previously, one objective of management accounts is to provide accurate information to identify Key Performing areas of the business for decision making, but there are other reasons to have them, including:
1. Understanding the behaviour and performance of the business
2. Shaping the structure of the business with accurate advice and guidance
3. Allows for accurate cash flow forecasting
4. Reveals margins for profit and costs, thus helping make sound financial decisions
5. Uncovering non – or under-performing areas of the business
Our services include:
We use industry-leading software and technology to ensure that your financial records are accurate and up-to-date. Our management accountants are also well-versed in the latest accounting standards and regulations, ensuring that your business is compliant with all relevant laws and regulations.
Our management accounting services are designed to save you time and money, so you can focus on running your business. We offer flexible pricing options and can work on a project basis or provide ongoing support.