Management accounts and reporting
Financial accounts are not the only information that management requires when considering business decisions. The need for alternative management information, such as key performance indicators, is equally necessary in order to make effective decision-making. At Kingston Smith, our management accounts team can discuss with you the most important ratios and data prior to preparing your accounts. We have designed a presentation package that automatically selects certain figures from the accounts and presents the key information you need in a clear and uncluttered manner. The key performance indicators and an analytical review of the results will highlight matters, which may require management attention and ensure your decision making is effective in achieving your goals. Once we understand your business we can suggest improved ways that your chart of accounts could be structured or even implement the use of departmental or project based reporting. Typically the management accounts will be produced using excel so that they are tailored to your required formats but at the same time linked to your nominal ledger.