Management Accounts

As part of our belief that you should have proactive advice, HSKS Greenhalgh have developed a specialist team who attend clients' premises to prepare monthly or quarterly management accounts. These are particularly important for businesses who do not have their own in-house accountant and should be a major part of the management process for any forward-thinking business. They can take many forms, but we recommend spreadsheet formats which include profit and loss, balance sheet and cash flow on a month by month basis, with forecasts through to the year end.

Particular benefits are:

• Management are in control of the accounting function
• Cash flow problem areas are highlighted early and remedies sought
• Banks are well advised of business performance and funding becomes an easier task
• Tax planning is made more efficient as the trading performance is known throughout the year
• Business sales and price earnings multipliers on those sales are often higher as any prospective purchaser can easily identify current performance rather than historical figures
• Management can quickly identify trends, both good and bad, and act upon them
• Asset finance can be raised more speedily with up to date figures

At HSKS Greenhalgh we work with you to harness your abilities to further enhance your profits, to assist with business development and to position your business in the market place. Our Business Coaching service explores this concept further.