Do you wonder which products deliver great return on investment? We make it easy to identify your most successful products or services, so you can make sound, educated decisions that will boost your profits and help your business grow.
We know that if your aim is the grow your business and to push ahead of your competitors you need to understand which products or services you should be prioritising in order to maximize profits.
Are you on top of your business finances? We can help you track the cash going in and out of your business, so you can keep an eye on how you're performing helping you make stronger, clearer decisions.
Today's tough economic climate can make managing cash flow much harder. Facing problems such as paying suppliers and enduring late payments can mean managing cash flow a tiresome task. We have extensive experience in working with business to overcome these challenges and our management accounting service provides insights and knowledge that could make a real difference to your business.
We know that you work really hard, but does your business work as hard as you? We can help you identify where the money goes, so you can control costs and make the most of your cash flow.
Are you concerned about the financial performance of your business? We can help you to improve the cash flow within your business and working alongside you to control costs is an essential part of this.
Management Accounts are invaluable in helping you to make timely and meaningful management decisions about your business.
Different businesses will have different management accounting needs, depending on the business areas that are important to them.
We will help you create budgets and forecasts and then compare your accounts against those budgets and forecasts.
We will help you manage your resources better, identify trends in your business and highlight variations in your income or spending which may require attention.
There is no legal requirement to prepare management accounts, but it is hard to run a business effectively without them. Most companies produce them regularly – eg monthly or quarterly.
Burnt Orange Accounting offer Management Accounting Stoke on Trent that takes into account your specific business requirements. We will help you create budgets and forecasts and then compare your accounts against those budgets and forecasts. We will help you manage your resources better, identify trends in your business and highlight variations in your income or spending which may require attention. Management accounts will enable you to:
Management accounts analyse recent historical performance and usually include forward looking elements such as sales, cash-flow and profit forecasts. The analysis is usually performed against forecasts and budgets that have been produced at the start of the year. See our guide on budgeting and business planning.
The information in management accounts is usually broken down so that the performance of different elements of the business can be measured. For example if a business has more than one sales outlet, there might be a separate report for each. There may also be a report produced to show how well a particular product has done across different outlets.