Management accounts are periodic (typically monthly) financial reports prepared for internal use by business owners and leadership. Unlike statutory accounts, they are designed to give founders timely, actionable insight into performance. They typically include a profit and loss statement, balance sheet, and cash flow summary.
Current month and year-to-date revenue, gross margin by product or service line, operating expenses by category, net profit or loss, cash position and runway, accounts receivable ageing, key financial ratios, and variance vs budget or prior period.
Without monthly management accounts, decisions on hiring, pricing, and expansion are made on gut feeling rather than data. Management accounts also satisfy banks and investors during due diligence.
Finanshels delivers fully prepared management accounts monthly — within days of month end — through a clean dashboard designed for founders. Our CFO services and fractional CFO packages include management accounts as standard. Start with our bookkeeping services.
