Management Accounts
Every Business reaches a point where the owner/managers time needs to be focused on development & growth. To enable this they need up-to-date & accurate information on cashflow, margins & profitability.
This is when you need KDA Accountants Management Accounts processes.
KDA Accountants will design bespoke management accounts which provide key analysis and information on the financial and operational performance of the business.
As part of this process, we will:
Nominate a senior member of staff at Partner level who will work with client businesses to provide experience and professionalism in the financial management of their business
Provide regular management accounts which will be presented to the client by the nominated senior partner
The nominated partner will gain an in-depth understanding of the client business and will bring this knowledge and their general business experience to support the development of the client's business
Senior professionals within KDA Accountants can be nominated with specific industry experience
The monthly management pack will be prepared to a pre-determined
monthly deadline. This pack will include:
A one page Dashboard Report on all key aspects of the business
Monthly Profit & Loss with Year to date
Balance Sheet
Cash Flow forecast
Identification of abnormal or non-recurring charges and income
Age analysis of Debtors with provision for bad debt
Age analysis of reconciled creditors highlighting creditor accounts due for payment
Summary of outstanding taxes due.