Management Accounts

If you have to wait until after your year end for your financial reports, you are missing out on some of the most valuable information in your business. Management Accounts can help you analyse your business and reveal which parts are performing better to enable you to increase your profits.

Pricing of services is difficult for any business. Without an analysis of the costs it is even more difficult to set your prices at the best level for you.

Financial AccountingManagement Accounting
Reports to those outside the business, such as banks, HMRC Reports to those inside the business for planning, directing and motivating, controlling and performance evaluation.
Emphasis is on the financial consequence of past activityEmphasis is on decisions affecting the future
Objectivity and verifiability of data are emphasized.Relevance of items relating to decision making is emphasized.
Focus on precision of informationFocus on timeliness of information.
Must follow Generally Accepted Accounting Principles (GAAP).Need not follow Generally Accepted Accounting Principles (GAAP).

Alterledger will work with you to set up bespoke reports to enable you to stay in control of your business and drive it forward.