Approachable and friendlyOur staff provide professional advice

Dedicated account managersThat know your account inside out

Breadth of knowledgeOver 100 years experience

STRATEGIC ACCOUNTING FOR INTERNAL MANAGEMENT USE

Our team is regularly procured to prepare company accounts for internal purposes to allow management teams to analyse the business’ short and long-term performance. Our management accounting services generate financial projections that aid future business decisions.

Management accounts are a key component of business planning and can be used by managing directors, financial directors, shareholders, CEOs and other top-level managers to assess business performance against its key performance indicators (KPIs).

The strategy behind our management accounting is to identify the key metrics that management teams wish to use to identify success and failure. Once these metrics have been agreed, our team can compile a set of accounts that adds immense value to our clients’ decision-making.

Typically, management accounts will incorporate the following items:

  • Profit and loss per period
    Demonstrating your company’s revenue and expenses over a specified time period.
  • Actual Vs budgeted performance
    Outlining the budget variance i.e. the difference between the budgeted or baseline expenses and revenue against the actual figures.
  • Cash flow forecasts
    An accurate estimate of the money expected to flow in and out of your business in the next year.
  • Key performance indicators
    The defined metrics that help a business’ decision-makers to evaluate the success of various aspects of their organisation, or activities in which it engages.
  • Reports that analyse significant changes
    Management reporting that gives clients the metrics they need to assess the effect – positive or otherwise – of significant changes to the day-to-day operations of a business.
  • Profitability of projects
    Monitoring project profitability is important to all businesses that undertake projects for their own clients. It’s a chance for decision-makers to learn from mistakes and successes to help future projects achieve greater profitability.
  • Product or marketing activities
    For clients unveiling bespoke marketing campaigns or new products, management accounting can help identify the efficiency of a brand’s marketing activity.

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SRG LLP is a UK limited liability partnership registered in England and Wales under number OC320275 | Registered office: 28 Ely Place, London, EC1N 6AA

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