Management Accounts by EOG Accounting

 

Why choose Management Accounts by EOG Accounting?

  • Make more informed decisions
  • Measure the performance of your business
  • Plan for tax and dividend payments
  • Measure individual performance, or detect fraud

 

 

What are Management Accounts?

Management accounts will provide insight into the financial performance of your business on a monthly or quarterly basis. This can include comparative figures of current performance against past performance and/or against a budget that is either set by you alone or with our assistance.

Your fully reconciled accounts will be complied into a report pack containing:

  • Profit & Loss account
  • Balance Sheet
  • Aged Debtors & Creditors
  • Cashflow Summary
  • An Executive Summary

We can also add any further reports required (budget analysis, departmental reporting, etc). Alongside the report pack, the main value we add is our analysis and commentary on the monthly or quarterly performance, as your external trusted advisers.

 

When would I need Management Accounts?

There will come a point along your business journey where bookkeeping and accounting are no longer just a necessity for compliance, but also a means of measuring performance and monitoring the business’ position throughout the year.