Management Accounts

What This entails

Management accounts, sometimes called monthly reports, business performance summaries, or internal accounts, are a series of reports that give you a regular snapshot of how your business is performing financially.

Unlike year-end accounts, which are produced just once a year for HMRC and Companies House, management accounts are created for you to review on a monthly or quarterly basis to help you stay in control all year round.

Depending on your needs, your management accounts may include reports like the Profit & Loss, Balance Sheet, Cash Flow Summary, Aged Debtors and Creditors, and even Budget vs Actual comparisons. We tailor the reports to what’s most useful for your business, no fluff, just clear insights.

At Legacy Figures Accountancy, we prepare tailored reports using data from Xero, QuickBooks, or FreeAgent, so you can see your income, expenses, profits, and cash flow clearly. We also highlight trends, compare performance against targets, and help you track what matters most to your business