Management Accounts & Reporting2024-01-31T13:31:57+00:00

Management Accounts & Reporting

Understand how your business is performing to its objectives and KPIs through timely and informative management information.

The importance of good management information

It’s crucially important for growing businesses that their management teams see timely, relevant and actionable management information. Why is this? Some key reasons are below:

How can we help

At The Smart Accountants, we’re big believers in understanding our clients long-term objectives and equipping them with regular, tailored management information that tracks the key drivers towards these objectives. There are different levels to the type of ongoing information that we can provide, such as:

Management Accounts – these monthly or quarterly accounts provide you with a prior period comparison and a current overview of your company’s:

  • Profit & Loss

  • Balance Sheet

  • Cash Summary

  • Aged Receivables/Payables

As part of this service, we would also make any necessary month end adjustments and deliver these accounts with an executive summary.

Management Reporting Packs – if a more in-depth and bespoke report is needed, we can provide full management reporting packs. These include a detailed executive summary, tailored metrics and KPI’s that can be illustrated via charts and graphs including non-financial KPI’s, actuals vs budgeted figures and much more. These reports are highly tailored to your industry and the key drivers for your business that you need to track for the business to reach its long-term objectives.

How we work

Our specialist Outsourcing team will first look to understand your business, what the most important drivers are for your growth, what your objectives are and what KPI’s you need to track to ensure you reach those objectives. This exercise will be an element of understanding from you what you need to see as part of the management information and then us also providing suggestions based on your business and industry. We’ll then agree timelines and look to start providing these reports to you, but these are always flexible to change and they can be as agile as your business is.

db sharp & sons limited

“The team have helped us grow and become more professional. Dave has been invaluable in advising us. He has helped our accounts team so much and they now absolutely love Xero!”

David Sharp, D.B. Sharp and Sons Limited

“Stock taking was a nightmare and we kept everything on spreadsheets until we spoke to the team. Switching over to Xero was an easy process.”

Mick Ginn, Macron Store Hertfordshire

“One of my previous headaches was always the absence of reliable management information and that often consumed my time unnecessarily. Since working with the team, they have implemented new systems, enhanced existing systems and they provide information on a monthly basis which is accurate and clearly communicated. This allows me to spend time doing what I should be doing.

Combine that with their sector expertise, knowledge and professionalism we would have no hesitation in recommending their services to anyone.”

Sheldon Paule, Cameron Kennedy

“We’ve always found the team to be responsive, helpful, and proactive in suggesting ways for us to improve our processes. In particular, we have been happy with the move from Sage to Xero, which has made our lives much easier as we grow our business.”

Jack Waley-Cohen, what3words
total negotiation group

“As our accountants and advisors, the Smart Accountants have always been on hand to support our business but recently they helped the sale of our business to an Employee Ownership Trust. Ultimately this transaction helped us with obtaining a fair price for the business, ensuring long-term succession, and rewarding our employees. The team supported us from the very initial advice and planning stage right through to the implementation and were on hand to offer their expertise throughout.”

Mark Cranstoun, Total Negotiation Group

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The Next Steps

If you’d like further information or to discuss our management information services, please get in touch and one of our experts will be happy to talk to you. 

Please call us on 0845 606 9632, email us at or complete the contact form below.