Management Accounts

RBS Chartered Accountants – Management Accounts

Management accounts is all about looking forward, yielding a wealth of information to help your business grow. Yet too many companies neglect this crucial area of business planning. Today’s company has a wealth of information unimaginable a generation ago, with the internet making it possible to learn huge amounts about your competitors. As your partner in the process, RBS Chartered Accountants will use management accounts to:

• Do your bookkeeping, and use the information gleaned to prepare monthly management accounts.
• Prepare financial reports specifically tailored to either management or investors.
• Devise and implement computerised accounting systems for you to use in-house, and to train you and your staff to use them. These will improve the accuracy, quality and ‘fine graining’ of management accounts information.
• Conduct internal business audits.
• Work with you to construct a business strategy.
• Advise you about the financial implications of projects you are considering - and their financial consequences.
• Survey your marketplace and help you identify moves by your competitors, how you can counter them, and how you can learn from them.
• Monitor your spending and financial controls.