g/l account中文Ledger in accounting

What Are Management Accounts? & Why Do I Need Them?

文章推薦指數： 80 %
投票人數：10人

Management accounts are a set of financial statements prepared either monthly or quarterly, which provide clear insight into the financial ... Services Journal GetInTouch Forsmallbusinessowners,book-keepingandaccountingfallsunderthecategoryof‘necessaryevil’.It’sajobthathastobedone(ormostlikelyoutsourced)tomeetyourlegalobligations. Howevernotalltypesofaccountingareaimedatmeetingyourstatutoryobligations,somearedesignedtogiveyoubetterinformationtohelprunandgrowyourbusinessandthiscanhaveBIGbenefitsforSMEs. Managementaccountsareasetoffinancialstatementspreparedeithermonthlyorquarterly,whichprovideclearinsightintothefinancialtradingpositionofyourbusiness. Theyaren’trequiredbylaw,andtheydon’thavetobefiledwithHMRC-butthey’llputyoumoreincontrolofyourfinancesthaneverbefore,supportingthegrowthofyourbusiness. Tofindouthowmanagementaccountscanbenefityourbusiness…ArrangeADiscoveryCall Whataremanagementaccounts? Managementaccountsforsmallbusinessestypicallyincludeaprofitandlossaccount,balancesheet,cashflowstatementandashortreport.Youcanputtheaccountstogetheryourself,ormorerealistically,anaccountantcandoitforyou. Ifyou’reusingacloudaccountingpackagelikeXero,it’seasytosupplythenecessaryinformationtoyouraccountantsotheycanproducethemanagementaccountsonyourbehalf. Whydoyouneedthem? Tosuccessfullygrowyourbusiness,youneedtobeabletomonitoryourmoneyandmeasureyourperformancethroughouttheyear.Thatmeansmorethanjusttheoccasionalglimpseatyourbankbalance. Indeed,ahealthybankbalancedoesn’tnecessarilyindicateahealthycompany.Yourcashbalanceissimplyasnapshotintime,andfailstoconsiderimpendingoutgoings,tradingconditionsorthestateofyoursalespipeline. Managementaccountsliftthelidonallthisinformationandwhenyouareabletoidentifytrendsinsalesquicklyyouwillalsohavebetterinformationforplanninggrowth,diversificationorexpansion.Withouttheinformationallyouhaveisgut-feeling,andinbusinessthatcancostyoudearly. Thismeansyoucan… GrowYourBusiness Whenyouareabletoidentifytrendsinsalesquicklyyouwillalsohavebetterinformationforplanninggrowth,diversificationorexpansion.Withouttheinformationallyouhaveisgut-feeling,andinbusinessthatcancostyoudearly. Otherbenefitsofmanagementaccountsinclude: Makingmoreinformeddecisionsbasedonup-to-dateinfo Ratherthanwaituntiltheyearendtoseeyourresults,you’llbeabletoidentifyadverseoperatingtrendsinreal-time,andtakeactiontocorrectthesituation. Measureperformanceofyourbusinessandindividuals Managementaccountsprovidethebasisforreportingkeyperformanceindicators.KPI’sareaninvaluabletoolifreportedregularly,andinatimelymanner. Gaincontroloveryourcashflow Managementaccountshelpyouspotcash-flowproblemsbeforetheyhappen,andhelpyouanalysethemoneygoingoutofyourbusiness.Couldyoucutyouroutgoings?Areyougettinggoodvaluefromyoursuppliers?Totalbusinesscostsareoflittlevaluewhenmanagingabusiness-youneedtoknowhowandwherethatmoneyisbeingspent. Planyourtaxanddividendpayments Withup-to-dateinformationavailableeachmonth,youcanplantaxanddividendtransactionswithgreaterconfidence.Managementaccountsforsmallbusinessescanhelpmaximisethepotentialbenefitsofpayingdividendsratherthansalary. Detectfraudinyourbusiness Aregularreviewofyourbusinessfinancesmeansthere’snoplacetohideformalpractice.Thelongerthetimebetweenfinancialreviews,themorechancethereisthatfraudulentactivitycouldgoundetected-atgreatcosttoyourbusiness. Reduceannualaccountingcosts Havingregularmanagementaccountsproducedreducestheamountofworkrequiredatyearend.normallyreducingthecostofproducingyourannualaccounts. Tofindouthowmanagementaccountscanbenefityourbusiness…ArrangeADiscoveryCall Insummary Thesearejustsomeofthebenefitsofmanagementaccountsforsmallbusinesses.Fromreducedaccountingcoststolowertaxliabilityandevenabetterrelationshipwithyourbankmanager,thereareplentymoreadvantagestodiscover.Forthebiggerpicture,contact BRAccounting&BusinessServicesLtdforyournoobligationmeeting. Whoweare. BRAccounting&BusinessServicesLtdareafirmofManagementAccountantsbasedinPlymouth,Devon.WearespecialistsinthefieldofManagementAccounting,witharangeofservicesdesignedtoassistSMEbusinessownerstoharnesstheirfinancialdatainordertogrowtheirbusiness. Archive 25Aug2022 WhyYouShouldStopCompetingonPrice-andHowtoDoIt 23Aug2022 TheFourBiggestFearsEntrepreneursHave(AndHowtoOvercomeThem) 18Aug2022 TheBenefitsofMakingYourBusinessSustainable 16Aug2022 TheFiveTraitsofSuccessfulEntrepreneurs 11Aug2022 HowtoEnsurethatYourClientsLoveWorkingwithYou 09Aug2022 HowtoWriteanEffectiveColdEmailThatGetsProspectiveClientsInterested 04Aug2022 HowtoMakeYourAnnualBudgetingProcessFastandPain-Free 02Aug2022 HowtoManageNegativeCashFlow 28Jul2022 HowtoHireEmployeesBasedonPotentialOverExperience 26Jul2022 Top4InnovationMistakesforBusinessOwnerstoAvoid 21Jul2022 HowtoDevelopaStrongOnlinePresenceforYourSmallBusiness 19Jul2022 TheTop5AutomationFeaturesXeroHastoOffer 14Jul2022 5SmartInvestmentStrategiesforSmallBusinessOwners 12Jul2022 The#1FinancialMistakethatBusinessOwnersMake 07Jul2022 5TaskstoConsiderOutsourcingTodayasaSmallBusinessOwner 05Jul2022 HowtoPreventBurnoutAmongstYourRemoteTeam 30Jun2022 5FinancialConceptsEveryBusinessOwnerShouldUnderstand 28Jun2022 NetProfit:ANeed-to-KnowGuide 23Jun2022 BankReconciliations:WhatAreTheyandWhyDoTheyMatter? 21Jun2022 HowtoPlanandRunaSuccessfulClientMeeting 16Jun2022 3WaystoProtectYourSmallBusinessAgainstInflation 14Jun2022 AQuickGuidetoProjectCostManagement 09Jun2022 3ChallengesEveryGrowingBusinessFaces(AndHowtoTackleThem) 07Jun2022 WhatIsTime-TrackingandWhyDoesItMatterforYourBusiness? 02Jun2022 6ThingsYouNeedtoKnowWhenStartingOutasaSoleTrader 31May2022 CashBasisvsAccrualAccounting:What'stheDifference? 26May2022 4WaystoCopewithStressandAnxietyasaSmallBusinessOwner 24May2022 HowtoProtectYourBusiness’Reputation 19May2022 5AccountingTipstoStartYourNewBusinessOffontheRightTrack 17May2022 WhatConsumerFinancingOptionisRightforYourBusiness? 12May2022 5WaystoBoostYourSalesin2022 10May2022 7ReasonstoAutomateMoreofYourSmallBusiness 05May2022 5WaystheCloudCanDriveBusinessGrowth:HowtoBenefitfromMovingYourDataandApplicationsOnline 03May2022 TheArtofCreatingTwo-WayCommunicationwithYourCustomers 28Apr2022 5BigBillingMistakesThatAreHurtingYourCashFlow 26Apr2022 IsAccountingSoftwareEssentialforYourSmallBusiness? 21Apr2022 3TipstoSurviveYourFirstYearinBusiness 19Apr2022 HowtoBuildLastingCustomerRelationshipsAmid"theNewNormal" 14Apr2022 5BigMistakesBusinessesMakeWhenScalingUp 12Apr2022 HowtoUseTechnologytoImproveYourEmployeeExperience 07Apr2022 7ReasonsWhyMarketResearchisEssentialforBusinessOwners 05Apr2022 AGuidetoStreamliningProcessesandWorkflowsinYourSmallBusiness 31Mar2022 HowtoIncreaseEngagementonYourOffers 29Mar2022 5TypesofCreditYouNeedtoKnowAboutAsABusinessOwner 24Mar2022 4BadFinancialHabitsThatAreHurtingYourBusiness 22Mar2022 HowtoUseProfitabilityRatiostoGrowYourSmallBusiness 19Jan2022 4EasyWaystoBuyBackTimeinYourBusiness 05Jan2022 The5MostImportantNumberstoTrackWhenGrowingYourBusiness 29Dec2021 TheBestAccountingSoftwareforSmallBusinessesandSolopreneurs 22Dec2021 4EasyWaystoReducetheCostofOperationsforYourBusiness 15Dec2021 6WaystoReduceCompanyWaste 08Dec2021 ProjectvsAccountManagement:What'stheDifference? 01Dec2021 6StepstoTakeIfYourSmallBusinessisRunningOutofMoney 24Nov2021 7MostCommonMoneyMistakesforStartupstoAvoid 17Nov2021 6AccountingMistakesthatCanReallyDamageYourSmallBusiness 07Nov2021 5BadCashFlowHabitsYouNeedtoBreakASAP 03Nov2021 HowCloudAccountingCanHelpYourSmallBusinesstoGrow 29Oct2021 PayrollAsACompanyDirector 27Oct2021 5TipstoEnsurethatYourSmallBusinessisScalable 20Oct2021 HowtoKnowifIt'sTimetoIncreaseYourPrices 13Oct2021 HowtoGrowYourBusinessandShrinkYourDebtsattheSameTime 06Oct2021 5MoneyTrapstoAvoidasaSmallBusinessOwner 29Sep2021 HowtoSustainablyGrowYourRevenueandProfits 22Sep2021 4StepstoIncreaseProfitabilityforYourSmallBusiness 15Sep2021 TheBenefitsofMakingYourBusinessSustainable 08Sep2021 CashFlowvsProfit:What’stheDifferenceandWhichisMoreImportant? 01Sep2021 TheMostDangerousAccountingMistakesForYourSmallBusiness 25Aug2021 HowtoPlanforGrowthasaSmallBusinessOwner 18Aug2021 5SimpleWaysforStartupstoImproveCashFlowManagement 21Jul2021 TipsfortheSelfEmployedorEntrepreneur 04Mar2021 HowtoUseSmartBudgetingtoAccelerateBusinessGrowth 19Feb2021 FourTipsforImprovingYourDecision-MakingProcess 18Feb2021 ThreeTipsforStreamliningYourWorkflow 08Feb2021 7WarningSignsYourBusinessisinFinancialDistress 04Feb2021 7stepstointroduceretainerpricing 02Feb2021 HowtoCreateaRealisticBusinessBudget 01Feb2021 TopSevenTipsforAccurateCashFlowForecasting 26Jan2021 Theprosandconsofretainerpricing 18Jan2021 FourWaystoSetYourBrandApart 12Jan2021 HowtoAutomateInvoicingandGetPaidFaster 06Jan2021 7BenefitsOfCreatingServicePackages 03Jan2021 ServicePackageFramework:StartingToPackageYourServices 29Dec2020 Dedication,ResilienceandPractice:WhatyoucanLearnfromDavidBeckhamaboutpricingandconversionforyourHRConsultancy 22Dec2020 WhyYourFirstSaleShouldBeToYourself 04Dec2020 FiveReasonsPricingBasedOnTimeIsBadForYourConsultancy 24Nov2020 CovidSupportForSelfEmployedorSmallLimitedCompanyOwners 01Nov2020 WhatHRFirmsCanLearnFromAppleAboutValueCreation 14Jul2020 RishiSunakhasmadepromisesinalotofareas,willyoubenefitfromthem? 30Jun2020 8WaysToImproveYourProfitabilityInRetailAndHospitalityNow 22May2020 AreYouReadyForTheStatutorySickPaySchemeLaunch 10Apr2020 EverythingYouNeedtoKnowAboutTheJobRetentionScheme 06Apr2020 IR35AndWhatYouNeedToKnow 20Mar2020 FinancialHelpFromTheUKGovernmentForBusinessesDuringCovid-19 11Mar2020 10BudgetChangesYouNeedToKnow 19Feb2020 XeroHealthCheckService&HowItCanHelpYourBusiness 09Apr2019 CheckingthehealthofyourbusinessYourOptions:DrawingCashfromaLimitedCompany 09Apr2019 BusinessHealthCheck 19Mar2019 WhyHireanAccountant? 13Mar2019 WhatAreManagementAccounts?&WhyDoINeedThem? 28Feb2019 IsitTimetoDiscount,Discounting 04Dec2018 O'KPI,O'KPI 13Nov2018 SanityCheck ArrangeaDiscoveryCall Tooptimiseyourexperienceonourwebsiteweusecookies.OKLearnmore.

請為這篇文章評分？

延伸文章資訊