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PROFESSIONAL MANAGEMENT ACCOUNTING IN LUTON
Luton has no doubt led the way in the United Kingdom’s post-recession economic recovery. Luton and surrounding areas have seen fantastic growth in the number of Small and Medium Sized Enterprises (SMEs) over the last decade. Most of these businesses are required by law to submit annual year-end accounts to Companies House. This requirement is not something most business people will savour each year. And for this reason, many businessmen and women tie negative connotations to the financial reporting process.
WHY INVEST IN MANAGEMENT ACCOUNTS?
A good deal of established and new businesses alike have discovered the usefulness of receiving weekly, monthly or quarterly financial management accounts. Since management accounts are not a legal requirement, there is no set format. This gives our clients considerable flexibility when it comes to including important Key Performance Indicators (KPIs) into their management accounts. KPIs can include non-financial as well as financial information. This information contained within management accounts affords our customers the ability to pinpoint where in their business improvements can be made.
Refuse to continue to base important financial decisions on irrelevant and historical information contained in year-end accounts. Instead, choose to receive information accurately reflecting the current financial position of your business. In turn, this information allows you and your colleagues to tap into new sources of revenue, further exploit existing sources of revenue and discover areas of unnecessary business cost.
Shortly you and your colleagues will wonder how on earth you managed to survive in business for so long without receiving this important information.
When you sign up for the service you are allocated to an adviser. Agreed KPIs are reported on each week, month or quarter. An adviser makes sure you and your colleagues understand the significance of the information contained within your management accounts. Accounts provided contain visually rich charts and graphs allowing you and your colleagues to compare one financial period to another.
The management accounts you receive typically include:
- Profit and loss statement
- Balance sheet
- Cash flow forecasts
- Debtor listings
- Credit listings
- Break-Even analysis
- Profit margin analysis
MAKE AN APPOINTMENT TODAY
If you would like to find out more about this service you may call The Financial Management Centre in Luton today by dialling 01582 448 458. When you call you will be greeted by one of our friendly staff members who may take initial details and schedule a convenient time for you to meet with an adviser. Alternatively, complete the enquiry form and a member of our team shall respond to your message shortly.
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
Rachael Olukoju
Luton East
Manager Rachael is a diligent qualified accountant with audit experience and joined us from a top 15 accountancy firm. With a thirst for knowledge and personal development Rachael continues to study towards further qualifications. She is a strong communicator who is passionate, goal driven and leads by example. Rachael has significant...
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
Cawdor House,London Road,
Woolmer Green,
Hertfordshire,
SG3 6JE