There’s a lot more to accounting than simply calculating profit and loss and submitting tax returns. When managed properly, your accounts can help you to make more informed decisions throughout the year. This can help you to run your business more efficiently as well as increase profits.
At PKB Accountants we can prepare monthly or quarterly management accounts for your business. This will provide an in-depth analysis of your profit and loss, balance sheets, aged debtors and creditors, budget comparisons and reviews of variances and ratios.
Financial performance review
We can also provide a detailed analysis of your business which will enable you to identify profit improvement and/or cost saving opportunities within your business.
As part of your accounts, we can prepare a five-year summary so that we can target specific trends within your business. This will enable you to focus on the areas where there is potential for profit or cash flow improvements.
If you’re thinking about selling your business now or in the near future, we can carry out a business valuation exercise.
12-month cash flow and profit forecast
Planning for the future is a crucial part of running a successful business and we can help you do exactly this with a 12-month cash flow and profit forecast. You can use this when planning future strategies or negotiating bank or loan facilities.
If you’re looking for chartered accountants in Berkshire or would like more information about PKB Accountants and the management accounting services we offer, please feel free to contact us and we will be more than happy to help.