Management accounts are financial reports produced regularly (usually monthly or quarterly) for internal use. They help you understand your business performance, make decisions, and plan ahead. Unlike statutory accounts, they're not filed with Companies House – they're for you.

Statutory accounts are year‑end legal documents filed at Companies House. They follow strict accounting rules. Management accounts are more flexible, produced more frequently, and focus on giving you actionable insights – margins, KPIs, cash flow, and comparisons to budget.

Most clients receive them monthly, but we can also produce quarterly reports if that suits you better. We'll agree a schedule that works for your business and your decision‑making cycle.

Absolutely. We'll work with you to identify the metrics that matter most – gross margin by product line, sales per employee, customer acquisition cost, utilisation rates, or anything else. Your reports will be tailored, not off‑the‑shelf.

Not at all. Many clients start management accounts as part of getting their bookkeeping in order. We can help clean up your records and then produce accurate, timely reports. If we handle your bookkeeping, management accounts are even faster to produce.

Yes – we can help you set an annual budget and then track actual performance against it each month. We also produce rolling 12‑month cash flow forecasts as part of our management accounts service.