Management accounts are interim reports usually requested by the owners/shareholders of the business to assess its performance. They are often used by lenders to assess the business in applications for financial assistance. On a basic level, they include the Profit and Loss Report, and the Balance Sheet. They might also include a Statement of Cash Flows, Aged Receivables and Aged Payables (outstanding amounts owed to, and owed by, the business) and an analysis.

Our management account service includes a detailed report with a Profit and Loss and Balance Sheet as a minimum. Other report will be included as necessary. We will also provide a detailed analysis of the report to help business owners understand the information and make necessary decisions. Along with the figures we also include visual graphs and charts to make the information more understandable, and ensure the period we are reporting for is compared against relevant prior periods to provide context.

7th April 2020

What are management accounts?

Management accounts are interim reports usually requested by the owners/shareholders of the business to assess its performance. They are often used by lenders to assess the […]
7th April 2020

Do you offer a review service?

A review service is sometimes requested from smaller businesses where they have prepared their own tax return or accounts and wish for us to review their […]
7th April 2020

Can you help with loan applications?

Yes we can – we partner with a number of platforms which will help find you the best funding solution for your business. You don’t always […]
1st July 2019

What software do we use at Seed for our clients – Limited Companies/Partnerships/LLPs?

All our LLPs and Limited Companies are set up in Xero, Receipt Bank and Futrli Flow. Integrating Receipt Bank with Xero helps with efficiency, reduces workload […]