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Matching "Management Accounts" Tag

4 articles 
In their simplest form management accounts inform the business owner and/or management team of the key numbers for their business.  Every business is different and the key numbers will vary according to the type of business and even within different departments.…
When keeping your accounts records you can choose whether to record your transactions on a cash or accrual basis so it is important to understand these terms when it comes to understanding your finances as they can each give a different picture of your business for the same period. Recording transactions on a cash basis means…
I have written a few blogs over the years about the differences between an accountant and a bookkeeper and why I recommend that you use both a bookkeeper and an accountant for your business.  That may be yourself as the bookkeeper, an employed bookkeeper or a bookkeeper external to your business - whatever works best for your business.  During the last 12 months…
What is important to you when you are considering outsourcing your bookkeeping? Maybe you just need someone, anyone, to just organise all that paperwork which keeps appearing.  Do they need to know what they are doing?  Do they need experience? If you want to keep your finances on track you will need someone who can do more than just organise paperwork.  You need someone who understands accounts, can do what you need them to do and is reliable and honest too.…
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