“It has been said that running a business without Management Accounts is like driving a car in the dark with the lights turned off. You can guess what speed you are doing from the wind noise and vibrations (your sales) but you don’t know what direction you are going (your profitability) and you can’t see if you are about to hit a brick wall (shortage of cash & liquidity)!”
Here at Barnstone Accountancy, whilst we can’t take credit for the above example, we can ensure that your Business headlights are permanently switched on by providing you with Management Accounts that are designed to inform you of how each part of your business has been performing.
By utilising the range of Accounting software from either SAGE or Xero, Barnstone can guide you to the most suitable solution for your Business where various parameters such as Stock levels, Gross Margins and Sales/Purchase figures are continuously measured. This will provide you with an ongoing and up to date dashboard of information which will help you in making informed decision making thereby allowing you to optimise your profitability.
Management Accounts are not only beneficial to larger clientele - any Business can benefit from at least a quarterly report (think of it as a Business Health check), therefore if you believe your Business is too small to benefit from detailed Management Accounts, Barnstone can provide you with a bespoke, cost effective solution to match your requirements.
Having a detailed and accurate Business portfolio readily to hand, has many advantages - your Bank would certainly be impressed should you ever need to approach them, regardless of the reason! Likewise any potential or current Investor will really appreciate a clear, regularly updated and detailed financial picture of how you are performing.
No matter how big or small your requirements may be, Barnstone Accountancy will always provide the most suitable and cost effective solution for your Business.
No fuss, jargon free and easy to understand.
