Management Accounts
Monitor your business effectiveness with management accounts. As a business owner, up-to-date financial statements tell you how you are progressing — and act as an early warning system, letting you know when and why something is going amiss so you can take remedial action before it becomes a problem.
Rather than waiting until the end of the financial year, SCEPTRE prepares management accounts monthly or quarterly, as your business requires. Ledger balances are extracted from the trial balance and turned into clear, current information you can actually act on.
What you receive
- Profit and loss account for the period and year to date
- Balance sheet showing what the business owns and owes
- Cash flow summary, so you can see money coming in and going out
- Comparisons against budget or the same period last year
- Commentary in plain English — what the numbers mean, not just what they are
Management accounts are especially valuable for growing businesses, businesses seeking finance (lenders usually ask for recent figures), and any owner who wants to know their profitability now rather than nine months after year end.
Regular management accounts also make your annual accounts faster and cheaper to prepare — most of the work is already done.
Frequently asked questions
Monthly or quarterly — which do I need? Quarterly suits most small businesses. Monthly is worth it if you have tight cash flow, rapid growth, or investors and lenders to report to.
Aren’t management accounts just for big companies? No. Any business that makes decisions — pricing, hiring, buying equipment — benefits from knowing its current position. Small businesses arguably need this visibility most.
Want to see your numbers clearly? Contact SCEPTRE for a free consultation.