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Financial management accounts & information

Make more informed day-to-day strategic decisions

Business growth

Informed decision making

Improved cashflow

Your key contact

Jamie Snell

Director of Client Finance

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Financial management accounts & information

Management accounts are a set of financial reports (balance sheet, cash flow and income statement) used to monitor and assess financial performance on a quarterly or monthly basis.

Additional management information then adds deeper analysis such as industry bench-marking and the monitoring of key performance indicators to provide you with valuable business insights for strategic decision making.

"Waiting for year end accounts is like driving with your eyes closed. Management accounts help you steer with confidence."
Karen Coult
Client Finance Partner

Why should I prepare management accounts & information?

Day-to-day strategic decisions made easier
  • Insightful reports to get an overview of where your business stands and to assist with longer term planning
  • You will be able to make informed decisions due to real-time information
  • Enable you to make the right strategic decisions and to keep on track and reach your goals
  • No need to wait for your Year End Accounts to find out how your business is doing

How do I prepare management accounts & information?

Let Caldwell Penn do the hard work for you
  • We have a team of in-house experts who will prepare accurate and on-time management accounts & information giving you the confidence to make informed decisions.
  • We also use the latest cloud applications to ensure you are getting the most value from the management accounts & information.
    • Futrli – AI-powered cash-flow prediction and planning software that helps you make the right decisions to keep your business growing.
    • Xero – accounting software that allows you to automate everyday business tasks, get up-to-date financials and run your business from anywhere.
  • Before we prepare any management accounts & information we will arrange a briefing session so that we can understand your business and tailor everything to your needs. 
"When your numbers are clear and current, decisions feel less like guesswork and more like strategy."
Caitlyn Evans
Client Finance Partner
"Great businesses grow because they act on the right information at the right time. That is what management accounts are for."
Luke Noble
Client Finance Partner

What are the benefits?

Real-time information at your finger tips
  • We will give you the confidence that the data you are using is reliable.
  • You will be able to make more informed day-to-day strategic decisions.
  • We will free up your time so that you are able to concentrate on the bigger picture. 

Your client finance leads

Jamie Snell

Director of Client Finance

Caitlyn Evans

Client Finance Partner

Karen Coult

Client Finance Partner

Luke Noble

Client Finance Partner

Frequently asked questions

Management accounts are financial  reports that provide the tools for management and business owners to better execute day-to-day decision making and create strategies which will improve business performance. 

Management accounts are typically produced monthly or quarterly and contain both a Profit & Loss and a Balance Sheet. Additional financial reports are then included, such as an outstanding receivables/payables report and a historic cash flow summary. 
  1. Measures past performance as a basis for improving future performance
  2. Helps anticipate cashflow problems and manage liquidity
  3. Visibility of business performance
  4. Identifies focus areas
  5. Grow your business
  6. Make more informed decisions based on up to date information

Management accounts help to provide direction and  visibility, which are critical for businesses to reach their goals. 

Simply put, the information provided by management accounts is specifically designed to inform management on how each part of their business has been performing and thereby guide decision making to benefit the future performance of the business.

 

Regular management accounts are essential to your business in helping you to monitor performance. But what  should they contain? 

They are not a legal requirement so there isn’t anything that is compulsory, but they’re business specific so typically they include the financial reports that are of most importance to you. 

Generally speaking, you would expect to see the following within a management accounts pack:

  • Profit and loss (with comparative periods)
  • Balance sheet
  • Aged receivables report
  • Aged payables report
  • Historic cashflow summary report 

In addition to the above, management accounts lend themselves nicely to budgets and forecasts so you may  see these reports included as well.

 

Management accounts are a financial report, produced regularly, that provide the tools for management and business owners to better execute both day-to-day decisions and create strategies which will improve business performance.

Year end financial statements are a summary of an organisation’s financial activity over a 12 month period. They are prepared for Companies House and HM Revenue & Customs every year and consist of the Balance Sheet, the Profit and Loss Statement, and detailed Notes relating to the activities of the Company.

In principle, management accounts are similar to year end financial statements but the key difference is they are less formal, produced more regularly and can be personalised to management’s requirements.

 

Our core sectors

Our expertise spans a wide range of industries, with 60% of our client base concentrated in the following core sectors:

Professional Services

Consultants, agencies, engineers, and other specialised firms providing expert professional services.

Technology & Innovation

SaaS companies, crypto businesses, software development firms, and tech start-ups.

Manufacturing & Logistics

Manufacturers, supply chain operators, warehousing businesses, and logistics providers.

While we specialise in these areas, our diverse client portfolio includes businesses across various industries, from retail to construction and manufacturing to hospitality.

No matter your sector, we’re equipped to support your growth and success.

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Trusted by businesses like yours

"Caldwell Penn's transparency, professionalism, attention to detail, and friendliness distinguish them from all other firms we have previously engaged. They have exceeded our expectations by additionally offering R&D advice, which has significantly benefited our operations."
Allaero Limited
"While it’s hard to get excited about an audit, Caldwell Penn made the experience as seamless as possible. Communication was clear and effective, and the management letter provided valuable insights for our business. We highly recommend their services to any business in need of a thorough and efficient audit."
UK Lanyard Makers Ltd
"Caldwell Penn handle everything for us with a proactive, tailored approach. Their dedicated team understands our goals, ensuring we never miss tax-saving opportunities. They’re more than accountants, they’re partners in our growth."
Syon Creative Ltd

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