Financial Accounting and Accounts Preparation
We prepare financial accounts both full and abbreviated to ensure the minimum amount of your & financial information is made public, to file at Companies House
We prepare the account to agreed timescales and deadlines and explain them thoroughly to you so that you understand the finances within your business enabling you to plan for the future.
We identify areas where we can assist in minimizing your tax liability.
We use the accounts we prepare to measure what actions are required to meet your goals.
We identify the areas of the business that give you the most opportunity to make financial improvements.
Budgeting and Forecasting
We can also prepare Budgets which include the preparation of financial reports prepared before the accounting period(s) usually showing planned income, expenditure, capital employed or cash flow.
We can also prepare if required, Forecasting which is the prediction of relevant future factors affecting a business and its environment and may be used as the basis for preparing budgets, for example a sales forecast or cash flow forecast.
Management Accounting
We can prepare weekly/monthly/quarterly Management Accounts, which is the preparation of financial reports required by the owner or management team of a business.
Some examples of management accounting reports are:
Monthly profit and loss statement
Monthly sales analysed by product or division
Standard costing reports.