Management Accounts

Management accounts are vital for monitoring the performance of any business on a regular basis. They are usually prepared monthly to provide management with a tool to track performance and trends throughout the year, but are also often a requirement from banks and finance providers to monitor their investment.

The preparation of management accounts by Jerroms reflects our positive ‘commercially aware’ approach. Our skilled professionals work with the best specialist software to deliver high quality management accounts in a readily understandable format, lending itself to analysis and informed decision taking in areas such as management growth, pricing and profitability, margins, overhead control and working capital / cash management.

Such value is gained through regular management accounts that they often lie at the centre of decision taking for businesses. The benefits include:

  • Regular and timely monitoring of the business’ performance using KPIs (key performance indicators)
  • Frequent measuring of sales and profitability trends
  • Monitoring of overheads to ensure they are kept under control
  • Early identification of poor performance areas affecting profit levels
  • Reporting methods to assess which customers are truly profitable
  • Regularly monitoring the cash flow to identify the generation and utilisation of cash versus profit
  • Monthly forecasting – using historic trends to predict the future
  • Regularly reviewing the financial performance of the business will increase the possibility of detecting fraud or malpractice.

In addition to the above, having Jerroms prepare your monthly or quarterly Management Accounts facilitates the preparation of your annual accounts, which means that you will make significant savings at the year-end stage as we will have completed most of the work throughout the year!

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Jerroms is a trading style of both Jerroms Business Solutions Limited (Co ref no as already shown) and Jerroms (Bromsgrove) Limited (company ref no as already shown). Registered office for each of these companies is: The Exchange, Haslucks Green Road, Shirley, Solihull, West Midlands, B90 2EL.

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