While having a good record of what your expenses and income are is important, monthly management accounts will really show you how your business is performing.

Relying on your bank balance to see where you are financially could be misleading and lead a business into trouble. For instance you may have excellent control of your customers and they may pay on good terms but are you paying your suppliers on the same terms? What about monies owed to the PAYE, VAT, HP, Company/Personal tax bills etc? If you have money in the bank you may think of this as profit and spend what really needs to earmarked for other liabilities.

Management accounts will take everything into account including accruals and prepayments together with any other "paper" costs like depreciation etc and work out where your business really stands.

We can also create budgets so that costs can be compared and will enable you to see if you are on target for achieving the profit you expected.

We look at your book-keeping and then give you a fixed fee for preparing monthly management accounts.

If you use our book-keeping service we can you give you monthly management accounts automatically.

To explore how we can help your business call us on 01444 415096 or 07850 108877. Alternatively e-mail us on jw@watsonsupport.co.uk with your contact details.