Keeping you compliant is a vital part of our service, but it’s not the full story. Regardless of the size of your business, as a CBHC client you have access to a wealth of commercial and strategic advice – read on to find out what difference management accounts could make to your profitability and growth.

It’s hardly surprising that year-end accounts are considered a necessary evil by most business owners. Traditionally filed late and returned in a complex format, their use is often limited to a retrospective view of a company’s performance with little direction given for future growth.

We can’t change the HMRC’s reporting policy, but we can deliver accounts that will genuinely add value to your business. Management accounting is a small step up from basic accounts, however the outcomes are very different. In addition to receiving your data quickly and efficiently, you could benefit from:

  • Quarterly cash flow forecasts to help budgeting and inform decision making.
  • Insight into the most profitable aspects of your business, including strengths and areas for improvement.
  • Advice about the financial implications of projects.
  • A benchmarking report that measures you against competitors using variables that are relevant and meaningful to you.
  • Internal business audits that give you an independent health check of the company at any given time.
  • A detailed business plan that actively helps to drive business growth and places you in an excellent position when communicating with third parties such as the bank.

This kind of accounting delivers a high level of strategic consultancy which is relevant to any business seeking to consolidate or grow its position within the market.

All too often, business owners and senior managers get drawn into the business at an operational level, leaving precious little time for strategic planning. To an extent this is inevitable, especially in smaller companies, however this is where management accounting can help. At CBHC we have the expertise and commercial acumen to offer this service to all clients – including start-ups – and will be happy to discuss a bespoke plan with you.

For more information contact our Accountancy Team.