Management Accounting

Effective decision making is the key to superior business performance

Crossmount�s management accounting service is geared to providing high quality financial and management information that helps the planning and control of the business and supports decision making. We try to make it more about managing the future rather than explaining the past.

We gain a clear understanding of your business, identify the key issues and figures, keep you up to date with what’s happening, plan future actions and provide you with the information and insights you need to make strategic decisions.

This we do by providing timely and relevant monthly accounts, forecasts and reports. We explain what they mean, either on the phone or by being present at your management meetings.

Management Accounts and Reports

We believe that accurate and meaningful monthly management accounts and reports are vital if a business is to keep on top of its finances and ensure that it is trading profitably.

Usually, we will provide a package of month by month profit and loss accounts, balance sheets, cash flow forecasts, aged debtors and creditors, breakeven analysis, customer sales analysis and forecasts for the remainder of the accounting year.

We will also take great pains to tailor our reports to your business and will happily explain them to you in detail.

Budgets and forecasts

Budgeting and forecasting, especially cash flow forecasting, is a vital business practice, giving you a road map of where the business is, where it wants to go and how to get there.

Our service normally includes a detailed budget once a year, supplemented by regular forecasts and targets. We use Sage Forecasting software for this.

Both budgets and forecasts are powerful tools enabling the business to manage future results, not just explain past performance.

Raising finance and liaising with the bank

Plans for future growth often require finance, and we can help you to assess the alternatives such as bank overdraft, HP and leasing or venture capital. On an everyday level, we would expect to liaise with your business bank manager.

Financial analysis and advice

As your finance partner we would expect to provide you with ad hoc analysis into all sorts of issues pertinent to your business and advise you of the appropriate actions.