Financial Management

Our month end reporting service can be anything from the month end bank reconciliation and a simple profit and loss statement, through to detailed management accounting reports.

Usually, simple month end reporting takes only a few hours a month, and is commonly for small business, which has either a low volume of transactions or processes the volume transactions (usually customer invoices) in-house. Typically this service includes:

• Budgets
• Fringe benefits
• Discussion on the results with the business.

Our full month end reporting involves a complete accounts and administration service and is combined with our other services. Typically, some analysis and discussion with the clients is undertaken to help them review how the business has performed and the reasons for that performance.

Typically this service includes:

• Development and set up (with the client) key management reports. These are usually additional to the standard budget and profit and loss reports, for example, special sales, costing or labour performance reports
• Review of all transactions processed for the month, and processing of any adjustments to reflect the true performance
• Production of client-specific management reports
• Review and investigation of variances
• Discussion with of the results with client management.