Keeping your business ahead of the game
The problem with annual accounts is that they deal with historical accounts. They tell you what has already happened some time ago, and perhaps too late to do much about it.
However, monthly or quarterly management accounts allow business owners to exert a far greater degree of control over their business, recognising and addressing problems and identifying opportunities soon after they arise. Many of our clients find the provision of this vital ongoing management information to be invaluable, giving them the ability to make effective and timely decisions.
What are Management Accounts?
These accounts are produced monthly or quarterly depending on your requirements and provide far greater detail than the annual profit and loss statement. Sales of different products or services can be analysed and their contribution to profits highlighted and overheads can be allocated accordingly to show true departmental profit levels.
Who needs Management Accounts?
Any type or size of business can benefit from AGP managing their accounts. Management accounts are particularly effective for businesses that wish to develop strategies and progress to the next level of development within a specific timeframe. Receiving information months after the event means you are less able to affect the course or direction of your business, whereas having the information as events are happening gives you the ability to implement effective changes. The need for management accounts is not always dependent on the size of your business but on the objectives you want to achieve.
How can AGP managing your accounts benefit you and your business?
The production of timely, regular detailed financial information allows AGP to act as your part-time internal accountant, helping you to identify any problems and highlight possible areas for increased profit.
Key benefits include:
- Control and understanding of your business’s finances
- Ability to plan your finances
- Ability to make informed decisions to drive your business forward
- Confidence to get on with running your business without the financial headaches
- Staying informed about the month-to-month development of your financial situation
- Finding existing problems as early as possible and receiving advice on how to deal with them
- Locating positive trends as soon as possible and receiving advice on how to capitalise on them
- A sounding board for any ideas you have
Call us now to discuss your requirements and receive a no obligation quote.
Our other services...
We can help with the preparation of accounts for all types of business. Whether you are a Sole Trader, Partnership, Limited Company, Limited Liability Partnership or a Charity, AGP has the expertise to deal with you. We help you fulfil all your obligations with HMRC, Companies House and any other regulatory body that you are required to report to.
An audit provides a high level of independent assurance of the financial position and results of an organisation. This gives shareholders confidence that the reported performance of the business is accurate as well as providing external users with certainty that the accounts show a true and fair view. An audit lends credence to the company accounts in a number of ways.
It is important to ensure your tax planning reflects any changes to your circumstances which is why we work very closely with all our personal clients. AGP are trusted to manage tax efficiently. Sometimes just a simple review of your personal tax circumstances can reveal significant tax saving opportunities which can be realised quickly and at minimal cost.
AGP can become your own part-time Payroll Manager. An expert who knows the complexity of the relevant legislation inside out and for a fraction of the cost of an internal manager. Why not outsource this obligation and spend the time saved doing what you do best, running your business?
Corporation tax can be a huge outgoing for your company if it is not managed correctly and planned appropriately. You can trust AGP to employ a holistic approach to your tax planning whether you are a medium sized SME, an international organisation or a small owner-operator.
Management accounts allow business owners to exert a far greater degree of control over their business, recognising and addressing problems and identifying opportunities soon after they arise.
When running a business, priorities are often focused on the operational side of your business. Bookkeeping & administration can often be put off until it becomes quite a major task. By taking advantage of our bookkeeping service, we can take this problem away so you can get on with running your business while we manage your accounting books.
We take away the hassle. Whether starting a new business or restructuring an existing one, our extensive knowledge of company formation means we can advise you on the merits and possible pitfalls of incorporation.
We have a wealth of experience in the contractor market and as a result there are not many firms of Chartered Accountants that can claim they know the contractor industry as well as AGP. This leads to a number of benefits.
AGP fully appreciates that auto enrolment can represent a significant challenge for employers.
There are numerous responsibilites and duties that employers must comply with and AGP are here to help.