Does Your Accountant Do This for You?

When you engage an accountant to prepare management accounts or bookkeeping, it’s common to receive the standard reports generated by accounting software:

• Profit and loss

• Balance sheet

• Aged debtors

• Aged creditors

These reports are important. They provide essential financial information and form the foundation of good reporting, and they sit within our wider accounts and bookkeeping services.

However, many business owners tell us they would value more insight around what those numbers actually mean for them and their future plans.

At Wilds Chartered Accountants, we believe management accounts can go further.

What Could Your Reporting Include?

Alongside the core financial statements, we provide additional insight designed to help you understand, plan and grow.

A discussion around what the numbers mean

We don’t just send reports. We talk them through with you, explaining what they indicate and what actions you might consider.

Benchmarking against your industry

How do your margins and costs compare to similar businesses? Industry benchmarking can provide useful context.

A desktop business valuation

We can provide an indication of what your business may be worth at any given time, helping you keep the bigger picture in mind.

Reporting against projections and KPIs

We track performance against your forecasts and key performance indicators, creating a clear business scorecard.

Breakeven analysis

Understanding your breakeven point helps you make informed decisions about pricing, costs and growth.

Cashflow statements

Cashflow is critical. We provide cashflow statements to help you plan ahead with confidence.

Insight into your top customers

Knowing which customers drive the most revenue can support better strategic decisions.

A tax-focused meeting nine months into your year

Rather than waiting until year end, we review your likely tax position in advance, giving you time to plan effectively.

Visual reporting

If you prefer graphs and visual summaries to written reports, we can tailor the format to suit you.

And importantly, this information is delivered within five working days of month end, so you can act on it while it’s still current.

The Value of Greater Insight

With this level of reporting, you are better placed to:

• Make informed decisions

• Plan for tax liabilities in advance

• Monitor performance against your goals

• Understand the value of your business

• Manage cash with greater confidence

If you would like to explore how enhanced management reporting could support your business, please get in touch. We would be pleased to have a conversation.