The Companies Act places a duty on the directors of UK companies to maintain full and truthful books of account in order that these records disclose with reasonable accuracy the financial position of the business.

In addition to this statutory requirement, your business will have been established to generate profits. Regular financial reports are essential for you to maintain control over the finances, plan into the future and to ensure that you are indeed trading profitably.

In order to make timely and meaningful management decisions every business needs accurate and up to date financial information.

Additionally being able to compare your accounts with original budgets facilitates better business management, control and planning.

Good accounts can help you to identify favourable or adverse trends in your business, and to highlight variations in your income or spending which may require special attention.

We can help you by preparing:

• management accounts (monthly, quarterly, etc)
• realistic business budgets and financial plans
• variance reports and analysis of results
• trend analysis and projections
• generate financial models to monitor and evaluate capital expenditure