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Management accounts

Keep your finger on the pulse with WCL management accounts

Every professional does their best work when they have the right information at their fingertips. A surgeon needs to know the vitals of his patient and a sports team manager has specialists analysing metrics of their team and the opposition.

The same goes for business owners. If you are running your business without the right management information, how will you know if you are making the right decisions before it is too late to do anything about them?

WCL management accounting provides you with the essential information you need. We interrogate, extract and analyse the data in your business systems and report to you with the information you need to know to run your business well.

The benefits of outsourced management accounts with WCL

We will empower you to make the best decisions for your business.

Our management accounts will show you where your business has been, where it is now and what has driven this performance. They will also let you look forwards with confidence.

We take the numbers in your accounts and those buried elsewhere in your business systems and work with you to build forecasts and budgets that let you model the future and make the right business decisions

The information you desire will be unique to your business, but typically management accounts tell you, with certainty, metrics like:

  • Which of your products or services are most important.
  • Who your key customers are.
  • Seasonal variations in your profitability.
  • How your cost base is changing over time.
  • Where your cash is being generated and tied up.

Whatever information you require, we will work with you to obtain it and present it to you through forecasts and budgets. It can also be used to create targets and detailed cash flow projections.

They say knowledge is power, and armed with this information, you will be able to make the right hires, prioritise your most profitable services, cut the correct costs and improve your bottom line.

How WCL’s management accounting service works

Management accounting is a natural extension of bookkeeping. Good bookkeeping ensures the right basic information is recorded and accessible, for effective management accounting to be carried out.

We can offer our management accounting services in addition to our bookkeeping service. Or if you have in-house resource and are comfortable with your bookkeeping, we can offer our management accounting as a standalone service.

However you wish to work with our management accounting team, you can be sure that we will deliver the information you need, when you need it. We will free you up from having to collate and report this information yourself – leaving you with the time and space to carry on with running your business, serving your customers and maximising your profits.

Get in touch today to see how we can help

Call us on 01225 585756 or email info@whittockconsulting.co.uk to talk about management accounting requirements.

By gaining a snapshot of your business we can put together the precise management accounting support you need to make your business thrive.