Management accounts

Good management information is essential to running a business. This information can range from monthly turnover and gross profit figures to detailed analyses, comparisons with budgeted figures and notes explaining significant variances.

Detailed management accounts may be required for a number of reasons:

• To help control the business and identify problems before they appear.
• To monitor an ongoing project.
• To provide performance compared to budget figures at the request of a provider of finance.
• To monitor a loan or mortgage facility at the request of the bank.

What can we offer you?

• A professional and efficient service.
• An understanding of your business and appreciation of your individual needs.
• Advice on presentation of management information to providers of finance.
• Discussion with your bank or provider of finance.
• Assistance with compiling commentaries on the management accounts.
• A full management accounts production service, monthly or quarterly, encompassing comparison with budget.
• Our tailor made management information system linking to any Windows-based accountancy software package.
• Assistance with design and application of management accounts systems, both manual and computerised.

What does this mean to you?

• Provides focus for the business by comparing actual performance with budget.
• Enables you to meet the criteria set by providers of finance.
• Provides a monitoring system, to ensure no year-end audit “surprises”.
• Better management information for you to help manage your business and plan ahead.

If you would like to find out more or have any questions contact John Davison (Associate Director) at Darlington.