Management Accounts
Management Accounts
We Do Due Diligence
Norden Hills Accounting provides customized information to use as a management tool in your business as well as tailor-made reports to match your needs. Management accounts are used to help management record, plan and control the activities of a business and to assist in the decision-making process.
Management Accounts
What are Management Accounts
Management accounting involves identifying, measuring, analyzing, interpreting, and communicating financial information to managers for the pursuit of an organization’s goals. It is different from financial accounting in that it is intended to help management make making well-informed business decisions.
Beyond The Balance Sheet
What should my Management Accounts look like?
Our management accounts and information services include:
- Monthly or quarterly management accounts;
- Reporting of key performance indicators that are the underlying drivers that run your business
- Help with in house systems for you to produce your own information;
- Training on how to get the most out of your information;
- Supplying management information to lenders;
- Branch/divisional results;
- Actual performance compared to budget and comparative periods;
- Costing information, including break-even turnover levels.