Management Accounts (Regular Updates)

What regular management accounts cover

Each reporting cycle is built around the information you need to run the business day to day. Your update can include:

• Profit and loss reporting, with plain-English commentary
• Balance sheet review to spot issues early
• Cashflow visibility (what’s coming in, what’s going out, and when)
• Key performance indicators (KPIs) agreed around your goals
• Variance checks against prior periods or budgets
• Debtors and creditors overview, where relevant
• VAT and tax set-aside indicators to help avoid surprises
• Action list of priorities for the next period

Who this is for

This service suits sole traders and owner-managed limited companies that want financial clarity without spending evenings inside spreadsheets. It is especially useful if you are:

• Growing quickly and want to track margins and overheads
• Taking on staff or subcontractors and need tighter cost control
• Managing irregular cashflow and want earlier warning signals
• Unsure what you can safely take out of the business
• Making big decisions (pricing, investment, hiring) and want evidence

How the service is delivered

Management accounts work best when the underlying bookkeeping is kept current and consistent. The usual flow is:

1. Agree the reporting schedule (monthly or quarterly) and what you want to measure.
2. Tidy and standardise categories so reports stay meaningful over time.
3. Close the period, reconcile key balances, and prepare the reporting pack.
4. Share the update with clear notes, then talk through the results and next steps.

Ongoing value and what happens next

Each cycle builds a trend picture, not just a snapshot. You can use the reports to set targets, monitor progress, and adjust spending, pricing, and workload before small issues become expensive ones.