The
problem with annual accounts is that they
deal with history. They tell you what has
already happened some time ago, and perhaps
too late to do much about it. |
However, monthly or quarterly
management accounts allow business owners
to exert a far greater degree of control
on their business, isolating and dealing
with problems and opportunities soon after
they arise. Because they provide this vital
ongoing management information, many of
our clients elect to receive periodic accounts. |
|
Management accounts are produced monthly
or quarterly and in far greater detail than
the annual profit and loss statement. Different
products or services can be split out and
their contribution to profits highlighted,
and overheads can be allocated by department
to show true departmental profit levels. |
This ongoing deeper analysis means
that Paperchase can act as your part-time
internal accountant, helping you to nip
in the bud any problems and highlight possible
areas for increased profit. That's got to
be worth far more than the small fee involved. |
