PROFESSIONAL MANAGEMENT ACCOUNTING IN HORSHAM
Many of Horsham’s Small and Medium Sized Enterprises (SMEs) struggle to manage their financial affairs simply due to a lack of adequate and up-to-date financial information.
The term ‘management accounts’ is, unfortunately, a term not in the vernacular of most Horsham-based business owners. Management accounts help businesses make informed financial decisions based on timely and accurate financial information.
This information is typically produced weekly, monthly or quarterly. Management accounts give you an up-to-date picture of your profit and cost centres.
WHY YOU SHOULD CONSIDER MANAGEMENT ACCOUNTS
Unlike year-end accounts, management accounts are not something businesses must produce in order to comply with the law. This position has led many business owners to falsely conclude management accounts are not necessarily for the running of their business. However, as many of our customers will tell you, receiving monthly or quarterly management accounts affords their business a terrific source of competitive advantage over rivals who have not invested in this information.
Management accounts allow our SME customers to pinpoint profit and cost centres within their business with laser-targeted accuracy. Management accounts inform our customers where exactly money in their business is coming from and where it is being spent. This knowledge in turn allows our customers to seal up cost leakages whilst tapping into new streams of revenue.
Management accounts give our customers the ability to improve cash flow and stay on track with budgetary targets.
BASE FINANCIAL DECISIONS ON FRESH INSIGHTS
The majority of SMEs base business decisions on year-end accounts, even when this information is several months old. Basing important financial decisions on historical information often causes more trouble than good.
Instead many diligent Horsham business owners have come to rely on the management accounting service offered by The Financial Management Centre.
WHAT YOU RECEIVE
The management accounts you receive typically includes:
- Profit and loss statement
- Balance sheet
- Cash flow forecasts
- Debtor listings
- Credit listings
- Break-Even analysis
- Profit margin analysis
Since the format of management accounts is not restricted in the same way as year-end accounts, our advisers are able to include non-financial as well as financial information too.
You are able to select Key Performance Indicators which drive profit in your business and/or improve efficiency and/or decrease costs. Information to include in your management accounts really is up to you.
WE ENSURE YOU UNDERSTAND THE INFORMATION IN YOUR ACCOUNTS
The service we provide means an adviser is on hand to explain the significance of the information contained within management accounts. This service is included in the price you pay. The accounts we supply contain stunning and easily understandable charts and graphs which aid understanding of your accounts and make it easier to compare one time period against another.
CONTACT THE FINANCIAL MANAGEMENT CENTRE TODAY ON 01403 342 457
If you would like to find out how our management accounting service in Horsham can help your business reach the next level in its progression please call the office on 01403 342 457 today. Alternatively, complete the enquiry form.
Accountancy FAQ's
Tax and accounting can be daunting subjects for business owners. Below FAQ’s can help find the answers to the questions you may be asking.
Do I need an accountant?
By having an accountant, you will ensure that you do not put yourself at risk to the various HMRC penalties and end up having to pay interest that is charged for late registration, late submission of tax returns and late payments of tax.
How can an accountant help me?
As a business owner, your time is valuable and having the ability to spend your time on your business needs is important. By outsourcing to a qualified accountant you can do just that. Here at TFMC our qualified accountants can help you with Financial accounting and reporting, Auditing Preparation of tax documents, Management services and consulting, Financial analysis, Cash management
How much does it cost to have an accountant?
Looking after your business accounts is one of the most challenging parts to running your own business, and also one of the most important. Whether you are a sole trader, self-employed, small business, contractor or limited company TFMC can assist. Package prices vary so call our team today to find out more
Helen Preece
Horsham
The Financial Management Centre in Horsham is run by CIMA qualified accountant Helen Preece. Helen is an experienced accountant with over 15 years in the industry and offers professional bookkeeping and accountancy services to SMEs in the Horsham and West Sussex area.
View BioOur Plans
All our packages are fully customisable and we offer a fixed price monthly payment schedule - no surprises! This gives you certainty and allows you to spread the cost across the year.
Essential
From
£75
Per month*
Our essential package is suited to all businesses who are looking to ensure compliance with reporting requirements.
Professional
From
£300
Per month*
Take away the burden of managing finances and start focusing more on your business by investing in our professional package
Ultimate
From
£750
Per month*
Completely outsource your accounts whilst still maintaining a close eye on company performance with our ultimate package
* Fees vary depending on the size and need of the client business. Packages can be tailored so please contact us to discuss your requirements.
How can we help you
We recognise that not all businesses are the same and will be at different stages of their development. We offer a wide range of services to small-to-medium-sized businesses.
Startup
Finding the right accountant to help you look after your new business's financial side is a key decision that could save you a lot of time and money.
Learn MoreSole Trader
Sole traders are independent business people with drive and ambition. It is important that you use a dedicated accountant who understands that.
Learn MoreLimited Company
Whether you are a small-to-medium-sized business or need a fully dedicated accountant to help meet the challenges faced by limited companies, we can help.
Learn MorePartnerships
Partnerships bring certain complexities, especially when setting up with family or friends. We understand partnerships and help you grow the business together.
Learn More
3 Kings Court,Harwood Road,
Horsham,
RH13 5UR