Management Accounting
Helping You Manage
What is Management Accounting?
Management accounting is a highly-valuable service which looks after a business’ finances and finds ways to improve profitability. Our Management Accountants work closely with business owners to identify, measure, analyse, interpret and communicate financial information for the pursuit of financial goals.
The information helps businesses to make well-informed decisions about costs, revenue, marketing, resourcing, structuring and planning for the future. All factors which determine the success of a business.
A good example is the use of KPI & (key performance indicators) to assess how your business is doing. Our Management Accountants analyse your financial and accountancy information and report these findings to you on a monthly basis. This process will help your business to facilitate change and support important business decisions.
Management Accounting can be the definitive difference between forward thinking and stagnating businesses. Talk to us about Management Accounting and get your free consultation.
Types of Management Accounting:
Accounts Receivable
A review of accounts receivable to determine any credit or cash flow risks which affect the bottom line.
Product Costing & Valuation
Determining the total costs involved in creating the product or service to assess the full expense and profit margin for increased efficiencies.
Inventory Turnover Analysis
Calculating inventory turnover can help businesses make better decisions on pricing, manufacturing, marketing and purchasing new inventory.
Financial Leverage Metrics
A review of borrowed capital and debt in order to acquire assets and increase return on investment.
Budgeting & Forecasting
Analysing trends, financial records and operations to help plan for future proposals, expenditure and business goals.
Cash Flow Analysis
A cash flow analysis determines the cash impact on business decisions and seeks strategies to optimise cash flow and ensure the company can cover short-term obligations.
Constraint Analysis
Reviewing the constraints within a production line or sales process to determine bottlenecks and calculate their impact on revenue, cash flow and profit to improve efficiencies.
Outsourcing
What is Outsourcing?
Keeping on top of your day-to-day financial transactions, ensuring they are accurate and paid in or out on time, can be more than a full-time job, often requiring a team.
Outsourcing is using an accounting team like us to effectively be your financial manager and assistants.
We handle all or some of our clients’ day-to-day accounting processes, from bookkeeping to employee pay, to reduce their time, effort, paperwork and stress in this area.
Outsourcing saves on the difficulties and costs involved with either managing the finances yourself or hiring an in-house team to do so.
Our Outsourcing Team stays up-to-date with the latest accounting practices and supporting software to free your own team up to focus on the core of your business.
Benefits of Outsourcing:
- Save vital cost, time and effort
- Tap into modern practices & technology
- Receive regular expert support & advice
- Improve decision-making through accurate records
- Private and secure paperless accounts and systems
- 24/7 access to all activity via cloud app
Bookkeeping
Company Pensions
Statutory Accounts & Corporation Tax
Personal Tax
Regulative Compliancy
Budgets and Cash Flow
VAT Returns
Set up, training and access to live status via cloud/app
Virtual Financial Team
Payroll Management, P60 and P45
BACS Payment Runs
Companies House Filing
Changing Legal Requirements
Bookkeeping:
We can relieve you and your staff of a huge burden by taking care of all your bookkeeping and accounting needs. This in return will free up your time and resources for you to concentrate on the running of your business.
Our dedicated team of experienced accountants and support staff carry out bookkeeping services by using the latest practices and modern software systems (cloud accounting and apps).
How We Can Help:
Setting up your own bookkeeping system
Bank Reconciliations
Nominal ledger reports
Cash book records
Debtor and creditors lists
Analysed purchase and overhead listings and supplier
Petty cash
Trail balance
VAT returns
Payroll:
The constant administration and timely management of processing payroll, personal tax, employee expenses and pension payments can take up a great deal of time – and stress – for any business.
We can do all of this for you.
At Manleys, we use the latest cloud-based software and Sage accounting systems to offer an all-round administration and processing service for both weekly and monthly payrolls.
