Management accounts tell you how your business is performing and help you improve performance and outcomes.
Management accounts, which might be produced monthly or quarterly, will include:
If you’re struggling to understand why sales are rising but cash is falling – monthly management accounts can identify margin erosion, overdue debtors and unprofitable customers before they become serious problems.
Armed with useful information from your management accounts, your business can make better business decisions.
Improve profitability by looking at:
Get on top of cashflow by:
Plan growth and expansion:
Your business will also generate management information from other areas such as sales, marketing and operations.
It should all join up and be consistent.
Finally, good management accounts also make the year-end process easier, quicker and less likely to contain surprises.
As we make increasing use of AI, financial information has never been more accessible and it helps to present information in a digestible way.
But don’t confuse “good looking” with “useful”.
Most businesses don’t change what they do very often and so the management accounts required won’t change very often either.
Concentrate on producing the right information, consistently, and making sure it’s reaching the right people in a format they can easily understand and use.
Then, and only then, turn it into a work of art.
For a salutary lesson, read our blog “This must be my profit because it says so on my phone”.
Financial reorts, typically including P&L, balance sheet, cashflow and KPIs, produced by a business to help the management team understand and improve business performance.
It lets you run your business proactively, not reactively. You’ll know whether profits are on target, where cashflow stands, and how to grow sustainably.
Absolutely. We build reporting packs around your business activities — not generic templates — focusing on your goals and what drives your success.
Monthly is ideal for most businesses; weekly dashboards suit faster-moving ones. Frequent reviews mean early warnings and quicker fixes.
We help you distribute reports securely via dashboards or summary PDFs, keeping everyone aligned.
Profit margins, age of debtors, working capital, revenue and profit growth are typical financial KPIs but each business is different and should track the information that’s important and relevant.
Yes. Visual dashboards using Power BI, Google Data Studio, or Xero Analytics make performance easy to understand.
Definitely. Reliable management reports start with accurate, timely bookkeeping.
It’s the data and insight that show how your business is performing — covering sales, cashflow, margins, and more.
Management accounts should be produced at least quarterly, usually ahead of preparing a VAT return, but larger businesses will require monthly management accounts. The more frequently they’re produced, the easier they become to produce.
“Blue Dot have been our accountants and bookkeepers since the very beginning of our business, and have been nothing short of outstanding throughout.”
“Blue Dot Consulting went above and beyond in helping us navigate not only the transition to cloud-based accounting but also in leading our accounts team through a broader period of transformation.”
“I really enjoy working with Blue Dot Consulting — they’ve helped me take control of our financial situation in a practical, no-nonsense way.”
“Having someone in the room that is happy to (in a structured way) challenge the norm and not simply accept that, because things look good, we should stop looking to improve.”
“I’ve been delighted with both the service and expert advice I’ve received from Michael and his team. They take the weight off my shoulders when it comes to my business’s financial requirements.”
“Michael’s straightforward, practical and tailor-made approach was perfect for me and our business.”
We don’t believe in forms, we believe in talking to people, finding out your needs and tailor-making a solution just for you.
Give us a ring on 020 7125 0270 or email us at info@bluedotconsulting.co.uk
Specifically South West London, including:
