Management accounts

Management accounts are type of report used internally to provide information to management and business owners, helping them with better understanding of the financial status of their business, and a better decision made based on the information provided by the internal financial reports.

There is no fixed type of report for management accounts. It is all depends on the management requirement. Generally the following reports are frequently used for internal management usage:

1. Periodic profit and loss account and balance sheet.

2. Cash flow and forecast

3. Business budget

4. Profit margin

5. Comparison of historical data with explanation

6. Analysis of deviation and reconciliation

7. Other type which is not named from the above

If you would like to use management account as a tool to manage, monitor and keep your business under control and boosting, please speak to our expert team for a discussion.

Management accounts services we offer