You need Management Accounts
Most SME business owners manage their business and cash by looking at either their weekly bank statements or their annual accounts which at best are several months out of date by the time they receive them. In both cases the information is backward looking and it’s difficult to use it when you’re trying to take decisions and manage the profitability and cashflow of the business over the coming weeks and months.
I don’t know anyone who would just turn up at an airport having done no research on where they want to go to, without a passport and with little idea of how they’re going to get to their as yet unknown destination. There’s little difference in business so why leave your business to gut feel, fate and luck ?
To really understand what is happening in your business you need accurate and timely management information. Depending on what’s right for the business this would include Budgets, Management Accounts, Key Performance Indicators, Profitability analysis and Business strategy advice. KMA Accountancy provides all this information for clients on a monthly or quarterly basis. We know how vitally important this information is for you so that’s why we summarise the key points in words you will understand (ie absolutely no jargon) so that in turn you can make the best business decisions for you and your company.
Posted in: Business Issues
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