You can’t manage what you can’t measure and though management accounts are by no means a legal requirement, they will shine an important light on key performance indicators (KPIs) and offer valuable insight into your company performance.
Published regularly (monthly, quarterly or half yearly) and used by all types of businesses from small companies to larger multi-nationals, management accounts usually take the form of a profit and loss accounts (providing a clear picture of where your business is performing well) and balance sheet (a snapshot of your company’s financial position).
As your Management Accountants in Newcastle we could help you to make more informed business decisions.
Contact us today on 0191 251 7599 for more information on how management accounts from Hurren Accountants can help your business grow profitably.
