Management
accounts unlike the year end financial accounts that you produce for
statutory purposes, are as the name implies for managing the day to day
activities of your business.
Information is Power so they say, At MyAccounts
we recommend that you as a business owner manager empower yourself by
producing your accounts regularly, on time and accurately.
By having this information readily to hand, you can use it to put a picture on what is actually happening both internally (Operations) on a Cost basis and externally on a Revenue or gross Margin basis (Sales by Customer by Market by Sales Channel).
Management Accounts help you take control of your business on a day to day basis, giving you the information to make those key decisions, enabling you to react as and when needed to changes in the market. |
