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North East Finance Directors

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Management Accounts

Without good management accounts how do you know the score?

If you don't know the score how do you know who the winner and losers are?

We believe that the production of Accurate and Timely management accounts are key components to running a successful business.

Whether you need support in streamlining your own process, or are looking to have a tailored solution designed and implemented, our team can provide the solutions you need.

Common concerns around Management Accounts?

I've got a P&L and Balance sheet so I don't need anything else.

The core reports of any Management Accounts pack will traditionally revolve around the three main documents namely P&L, Balance Sheet, and Cash Flow. However, in order to fully understand your business there are many other reports available which could add substantial value in helping you understand your business, which in turn will lead to better decision making.

Frequency?

Management accounting isn't all about monthly reporting. Many key reports need to be monitored on a more frequent basis, especially in high volume, fast moving industries. Using good quality KPI's will invariably help a business to concentrate on more effective strategies.

I don't have the resources.

By ensuring that the process is as streamlined as possible, and removing duplication of effort, the improvement in reporting can normally be obtained without any need for additional staffing.

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