Management Accounts
Management Accounts
From £100 per month
We provide an overview of your accounts and the business’s financial position.
What exactly are management accounts?
Our management accounts service consists of analysing the profit and loss monthly or quarterly as required, discussing turnover (sales), gross profit and net profit, setting budgets, providing short or long term forecasts (if required ) to plan the growth or successful operation of the business and implementing or reviewing key areas to ensure the business is profitable and to ensure you know your break even point as a mindful concept to know here you are each month with the growth/success of your business.
Discussing Assets: are you thinking of buying a vehicle or a new computer, a new piece of machinery or disposing of some assets – what are the implications of all this?
- Do you owe the business money or vice versa?
- How is it best to extract money from a Limited Company?
- What is a Director’s Loan?
- What is my tax bill likely to be so I can plan ahead?
We can explain all of this in simple terms when you become a client and keep you up to date in our regular management accounts report in an easy to understand way.
As part of your management accounts service, an overview of your accounts is provided by email and we can meet in person, arrange a video meet, a phone call or an email update, depending on your preferences and your time available.
From £100 per month
We provide an overview of your accounts and the business’s financial position.
What exactly are management accounts?
Our management accounts service consists of analysing the profit and loss monthly or quarterly as required, discussing turnover (sales), gross profit and net profit, setting budgets, providing short or long term forecasts (if required ) to plan the growth or successful operation of the business and implementing or reviewing key areas to ensure the business is profitable and to ensure you know your break even point as a mindful concept to know here you are each month with the growth/success of your business.
Discussing Assets: are you thinking of buying a vehicle or a new computer, a new piece of machinery or disposing of some assets – what are the implications of all this?
- Do you owe the business money or vice versa?
- How is it best to extract money from a Limited Company?
- What is a Director’s Loan?
- What is my tax bill likely to be so I can plan ahead?
We can explain all of this in simple terms when you become a client and keep you up to date in our regular management accounts report in an easy to understand way.
As part of your management accounts service, an overview of your accounts is provided by email and we can meet in person, arrange a video meet, a phone call or an email update, depending on your preferences and your time available.
Get in touch to find out how LB Accounts can help you. By understanding the core principles for setting up your business and your long term goals, we can help you reach that destination.