Question
What are management accounts?
Management accounts are the monthly figures a business runs on: profit and loss, balance sheet, cash and the few measures that matter. Unlike year-end accounts, they are for you, not the tax authority, and they arrive while you can still act on them.
Year-end accounts versus management accounts
- Year-end accounts: once a year, months late, in a format set by law
- Management accounts: every month, within days, in a format that answers your questions
What a good monthly pack contains
- The month’s profit or loss, against last month and last year
- The balance sheet and the cash position
- A cash forecast for the weeks ahead
- What needs attention, and the figures behind it
Why the figures must tie first
A pack built on books that do not agree with the bank is worse than none: it looks certain and is wrong. Check the books tie before trusting anything built on them.
Have it worked out on your own figures
Big4CFO checks your books to the cent and produces this every month, from your own records. One-time reports cost $49 (one month), $99 (three months) or $199 (twelve months). Monthly plans start at $349 a month (Foundational), with Growth at $599, Leverage at $899 and Capital Stack at $1,999.
Questions
- Do I need an accountant to produce them?
- Not to produce them. Software can build the monthly pack from your books. You still need your accountant for tax and year-end accounts.
See it on your own figures
One-time reports from $49, delivered within minutes. Monthly plans from $349. Every payment carries a 14-day money-back guarantee.