Management Accounting Services
Get expert help and comprehensive advice with our management accounting service.
There is no requirement, with HMRC or companies house, to prepare management accounts, but it is often difficult to identify performance within a business effectively and accurately without them; most companies, therefore, produce them on a monthly or quarterly basis. The purpose of management accounts is to analyse recent historical performance, and they usually include forward-looking elements such as sales, cash flow and profit forecasts. This information is then used to make more informed decisions for the business. The analysis is usually compared to forecasts and budgets that were produced at the start of the year.
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How Our Accountants Help
Why hire a Management Accountant
As touched on previously, one objective of management accounts is to provide accurate information to identify Key Performing areas of the business for decision making, but there are other reasons to have them, including:
1. Understanding the behaviour and performance of the business
2. Shaping the structure of the business with accurate advice and guidance
3. Allows for accurate cash flow forecasting
4. Reveals margins for profit and costs, thus helping make sound financial decisions
5. Uncovering non – or under-performing areas of the business
What does MJ Kane’s management accounts service offer?
Using MJ Kane’s management accounts service is easy and cost effective. It is an extension of our bookkeeping services and so comes with all the perks of this as well! First, we get you up and running on our online portal and accounting software – don’t worry we offer training is provided to you – once you’re set up, we will then have access to real time information about your company performance, and it is from this that we can begin to formulate management accounts and performance data. We tailor our management accounts to meet your requirements as we recognise it’s not a one shoe fits all approach and every business has different needs.
In need of any of our services? Please feel free to get in touch.
Why MJ Kane For Management Accounting
8000 plus satisfied clients
100+ years combined industry experience
30+ Countries covered
Fixed Fee Service
Tax efficiency focused
Award winning services
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Team
Meet the Senior Management Team
Michael Kane
Founder | Managing Partner
SME Accounts | Tax Planning | Business Development
FCCA Qualified
MJ Kane
Director | Senior Accountant
SME Accounts | Crypto Taxation | Business Structuring
ACCA Qualified | BSc Hons Accounting
Jonathon Greenaway
Director | Senior Accountant
SME Accounts | Property Capital Gains | Inheritance Tax
ACCA Qualified | BSc Hons Business Studies
Gary Craig
Joining Soon
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