Monthly or annual management accounts are reports that provide a detailed summary of a company's financial performance over a given period of time. These reports can be used by businesses to monitor their financial performance, identify areas for improvement, and make informed decisions about their financial strategies.
My management accounts services involve the preparation of monthly or annual management accounts reports, which typically include:
Profit and Loss Statement: This report shows the company's revenue, expenses, and net income or loss over a given period of time. This report provides a snapshot of the company's financial performance and can be used to identify trends and areas for improvement.
Balance Sheet: This report shows the company's assets, liabilities, and equity at a specific point in time. This report provides an overview of the company's financial position and can be used to assess its liquidity and solvency.
Cash Flow Statement: This report shows the inflow and outflow of cash over a given period of time. This report provides insights into the company's cash management practices and can be used to identify potential cash flow issues.