Management accounts provide vital financial insights that can help drive success for your business.
At Mollan & Co, we have more than 40 years of experience in helping start-ups and SMEs grow through careful financial planning. We can provide monthly or quarterly management accounts that provide insights into your company’s financial wellbeing.
We’ll work with you to pinpoint any potential risks or opportunities and implement robust financial controls to help you track performance. Tailored forecasting reports can also help you make informed decisions on the future of your business.
Not sure how management accounts can help you?
Contact us today to book a free, no-obligation consultation.
What are management accounts?
Management accounts are a set of financial reports and statements that are prepared specifically for the use of management within a business.
These accounts aren’t meant for external stakeholders like investors or regulatory authorities such as HMRC. Instead, they’re used for internal decision-making and planning purposes.
Management accounts can play a crucial role in helping business owners and managers monitor performance, make informed business decisions, and efficiently allocate resources.
Our management account services include:
- Profit and loss statements
Also known as income statements, these reports detail revenues, costs, and expenses to determine the profitability of a business.
We can provide an overview of your company’s financial position, including assets, liabilities, and equity.
Outlining the cash inflows and outflows over a specific period to assess the organisation’s liquidity.
Comparisons of actual financial performance against planned budgets and future projections.
Mollan & Co are expert accountants with more than 40 years of experience in creating management account reports for businesses across Yorkshire.
As your trusted partner, we can help streamline your financial processes, provide strategic insights into your business, and optimise resource allocation for future success.
Get in touch today to book your free, no-obligation consultation.