Gain real-time control over your business health with our management accounting services
If you’re struggling to figure out how to manage your business budget and turn a higher profit, the answer likely lies in your books of accounts. The trouble is, you don’t know what indicators to look out for, and running your business takes up pretty much all of your time. Good news! Affinity’s accountants are here to bring clarity to your financial health, free up your time, and help optimise your profits.
Management accounts preparation becomes a breeze
Preparing and monitoring management accounts on a regular basis is critical to understanding how your business is performing, how to optimise your cash in hand and whether you’re staying on track with the budget allocated for the year.
Doing so, however, can be time-consuming for business owners, especially those who aren’t well-versed in accounting practices.
That’s where we come in.
Our expert management accounting consultants dive deep into your numbers and prepare detailed financial reports with clarifying notes along the way.
We identify ways for you to save and make money, help you with tax planning before the year-end and give you suggestions on how to scale your business upward or when to apply for investment – and we do it all at a price tailored to your budget.
Scope of our managed accounting services
Our monthly services arm you with up-to-date accounts and in-depth business trend analysis, empowering you to boost your bottom line. Our chartered management accountants can help with:
- Tax planning support
- Cash flow forecasting
- Budget planning support
- Collation of P&L statement and balance sheet
- Recommendations on how to reduce your tax bills
- Detailed analysis of income, expenditure and profits
- Preparation of quarterly and/or monthly management accounts
- Consultation sessions to understand your business goals and needs
We’ve worked with businesses of all types across the UK and can give you the tailored support you need to grow
When you work with us, you get:
Expert insights
We delve minutely into your cash flow and P&L accounts and identify ways you can improve your profitability and keep costs under control.
Real-time data
We show you how your accounts stand today, based on the latest data, so that you can choose the most appropriate way forward to meet your goals by year-end.
Regular meetings
We meet you face-to-face as and when you wish to discuss our findings, clarify points and chalk out strategies to improve your numbers.
Cost-efficiency
Benefit from our expertise at a fraction of the cost of maintaining an in-house accounting team. Eliminate the overhead costs associated with full-time employees such as salaries, benefits, and training expenses.
Scalability
Our flexible service model scales with your business needs, efficiently managing increased financial data and complexity. Whether you’re a growing startup or an established enterprise, we dynamically adapt our services to meet your needs.
Custom financial support
With our expert insights, real-time data, regular meetings, cost efficiency, and scalability, we provide an all-encompassing financial service that directly contributes to your growth. Sit back and relax with us by your side.
Enhance your business decision-making with our management accounting services
Book a free consultation and learn how our expert services can deliver the clear, accurate, and timely financial information your business needs to thrive.
- Email us at
- info@affinityassociates.com
Technological mastery defines us
And, if you have your preferred software installed, we’re happy to work there too.
Frequently Asked Questions (FAQs)
1. Who can prepare management accounts?
While it’s technically possible for a business owner to prepare their own yearly management accounts, it can be an intricate and time-consuming process. For this reason, it’s advisable to engage a proficient in-house accountant or consider partnering with a dedicated management accounting services provider like us to ensure accuracy and efficiency.
2. What type of management reports and financial statements do you prepare and provide?
We prepare income statements (P&L), balance sheets, cash flow statements, and statements of changes in equity – basically anything that gives you a comprehensive view of your business’ financial health. We also provide detailed analyses of income, expenditure, and profit, along with variance analyses, budget vs actual reports, key performance indicators, and trend analyses.
3. How often will we receive financial reports and how will they be presented?
Financial reports are typically provided on a monthly basis. But we can adjust the frequency based on your needs. Reports are presented in a clear, easy-to-understand format and can be delivered digitally through a secure platform or, if preferred, in person during our regular meetings. We also include annotations to clarify complex points and offer insights into the data. Our goal is to ensure that you have a full understanding of your financial situation.
4. Can you explain your pricing structure and payment terms for your management accountancy services?
Our pricing is based on the size and complexity of your business, and the specific services you require. Our payment terms are flexible, and we offer both monthly and annual billing options. Please contact us directly to discuss your needs, and we’ll be happy to provide a detailed quote.
Client stories: Experiences that speak volumes
Matthew Loxston
Zoe Spicer
