|
Monthly management accounts are key to accessing finance
Do you realise that if you prepare management accounts on a regular basis, eg, monthly or quarterly, you can improve your access to funds from banks and similar lenders? This is because preparing accounts on an annual basis is insufficiently frequent for banks to assess your credit worthiness and your business’s performance. This is understandable, since banks do not decide whether or not to lend on historic data. They need access to recent information and forecasts.
Contact us and for a free initial discussion, we will give you some very useful guidance as to the content and preparation.
Indeed, we will prepare the management accounts for you, including useful KPIs (key performance indicators) and offer our services to help you keep on top of this important information – most useful for decision making and getting under the skin of your business.
Read more about this subject in the article that appeared in the Financial Times |
Management accounts
