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Management Accounts Service

We can bring your data to life and provide you reports to help you make better-informed decisions.

Management Accounts get under the hood of your business to help identify possible weaknesses in your performance or profitability. We usually prepare Management Accounts on a quarterly or monthly basis depending on the current financial health of a business.

As part of our Management Account service, you will also receive an overview of your accounts from one of our experienced Directors, including a monthly progress call.

With this knowledge, you can then make adjustments and get your business back on track to success.

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Why use Total Accounting for your Management Accounts

We use one of the best reporting tools in the market, used by the “Big 4” accounting firms in the UK. These reports are not the standard Profit & Loss and Balance Sheet you may receive from lesser firms. These detailed reports get into the depths of your business, and with our expert knowledge, you will start to streamline and fine-tune your business.

Example of some of Management Accounts clients

  • Solicitors
  • GP Practices
  • Care Homes
  • Car Servicing
  • Building Trade
  • Charities
  • Sporting Clubs
  • Recruitment
  • E-commerce
  • Manufacturing

What is a KPI?

A key performance indicator is a type of performance measurement. And you have heard the saying “If you can’t measure it, you can’t improve it”.An example a Care Home may wish to focus on Salary costs v Turnover as a crucial KPI.

Turnover – £1,200,000
Salaries – £900,000
The KPI would be 72%.

The salary cost is critical in the success of this business so they would be closely monitored with a KPI of 72% or less to ensure the success of the home.

Other examples of KPIs could be:

  • Gross profit margin
  • Budget variance
  • Revenue growth
  • Average debtors days
  • Operating cash flow
  • Quick ratio/acid test
  • Net profit margin
  • Working capital

Accounting Services

Accounts

We keep you compliant ensuring that you meet your statutory deadlines with HMRC & Companies House.

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Payroll

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Bookkeeping & Virtual FO

We process and control your complete accounting requirements to ensure your business runs efficiently.

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Software

Automating and standardising your business processes with the latest cloud-based products on the market.

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Management Accounts

We can bring your data to life with visual reporting and KPIs to help you make better-informed decisions.

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Data Conversions

Backing up and securing all your Accounting data before transferring to you new Cloud platform.

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