Management accounting services
“What is our projected cash flow over the next three months and the year ahead?”
“How are we performing in comparison to our budgets and forecast? ”
“How are we performing in relation to our competitors or to companies of a similar size to ours?” These are just some of the questions many business owners ask.
Producing accounts is just one part of the picture; what really matters is what those accounts say about the business: its weaknesses, its strengths, and its potential for growth, investment and future development.
At CBC we help our clients gain a clear understanding of their business’s financial position. We provide up to date, accurate management information on a monthly or quarterly basis. Reports show current trading positions and highlight performance indicators that can have a profound and immediate effect on business management. We encourage clients to produce annual budgets for sales, gross margins, staff utilisation and overheads and we use these figures to provide key management ratios and targets. Clients can make informed decisions about future policy, save on administrative effort and most importantly, take a strategic view of their businesses.
Many of our partners have a background in management accounting in industry and commerce - expertise that has an immediate impact on clients’ businesses. We find that almost without exception, those clients who prepare annual budgets and then get us to prepare management accounts to analyse actual performance, significantly out perform those who do not.
