The Purpose of Management Accounts

To analyse and report on key financial data within an organisation ensuring that the key staff receive timely, accurate and relevant information

To produce timely and reliable management information reports on a monthly basis

To assist with the development and control of your accounting system to ensure that accounts are effectively managed

To investigate variances against budgets and provide analysis of differences and the reasons for them

To perform month end for accounts payable and receivable, VAT, fixed assets and general ledgers in your financial system

To assist in the preparation of annual budgets and cashflow forecasts

To prepare the quarterly VAT return

To attend monthly meetings with the management team to discuss the budgetary position and agree action plans where required