Management Accounts Services

Clear, tailored reporting to guide smarter decisions

We provide tailored management accounts that transform financial data into clear, actionable insights. Prepared monthly or quarterly, our reports cover profit and loss, balance sheets, cash flow, KPIs, and aged debtor/creditor analysis—giving you a complete view of your business performance. By customising each reporting pack to your industry and growth stage, we help you monitor financial health, plan strategically, and make confident decisions that drive sustainable success.

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What We Deliver

We provide comprehensive accounting solutions built to support growth.

Financial Reporting

Regular reporting cycles that provide clear visibility into financial performance and trends.

Cash Flow Tracking

Detailed monitoring of inflows and outflows to maintain stability and plan ahead.


Budgeting & Forecasting

Forward‑looking analysis to prepare for challenges and identify opportunities for growth.

Performance Analysis

Insight into profitability, efficiency, and key drivers of success across your business.


Board & Investor Reporting

Professional reports tailored for stakeholders, ensuring clarity and credibility in decision‑making.

Strategic Insights

Actionable recommendations that turn financial data into practical steps for improvement and expansion.

Management Accounts

What are Management Accounts and how do they differ from Statutory Accounts?

Management accounts are monthly or quarterly financial reports prepared to track the ongoing performance of your business.

Unlike statutory accounts, which are legally required and produced after the year‑end, management accounts are tailored to your needs and can include KPIs, balance sheets, profit and loss statements, and executive summaries.

They provide business owners and managers with the information needed to monitor financial health, make informed decisions, plan for growth, and support applications such as loans.

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More Information About Management Accounts

Management accounts are an essential tool for monitoring the performance of a small business or organisation. They highlight key indicators that show whether you are meeting your goals within the required timeframes.

Eligibility typically applies if:

  • Turnover is below £632,000
  • Balance sheet total is £316,000 or less
  • The business has 10 employees or fewer

In summary, management accounts provide valuable insight to help you run your business effectively, measure success, and identify where improvements or new financial decisions may be needed.

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Management Accounts

Contents of a Management Reporting Pack

Our expert accountants turn complex data into clear, practical insights—delivering tailored management accounts that cover profit and loss, balance sheets, KPIs, aged debtors and creditors, and cash flow forecasting. We give you the visibility to track performance, the foresight to plan growth, and the confidence to make stronger financial decisions.

Profit & Loss (P&L) Account
The Profit & Loss account shows how a business performs over a specific period, summarising income earned and expenses incurred. Because every business operates differently, reporting packs are customised to reflect the most relevant detail. For example, a retailer may require income and expenses broken down by store, while a construction company may need profitability shown by project. Management P&L reports should therefore be tailored to the nature of the business, the level of detail required, the reporting frequency, and the preferred layout.
Balance Sheet
A Balance Sheet presents the financial position of a business at a specific point in time. Supporting notes can highlight key ratios such as liquidity, debtor days, and inventory days, helping to identify risks and support advanced cash flow planning.
Key Performance Indicators (KPI)
Key performance indicators (KPIs) are selected based on the nature of your business and industry. We work with management to define the most relevant measures, benchmark them against industry standards, and review them regularly to assess overall business health.
Aged Debtors & Creditors Report
An aged debtors report lists all amounts owed to your business, showing how much is outstanding and for how long. It is a key tool for monitoring cash flow and reducing the risk of bad debts. An aged creditors report details what your business owes to suppliers. Managed effectively, it provides essential information to plan payments and maintain strong supplier relationships.

Why Choose Filipiak & Co.

We provide comprehensive accounting solutions built to support growth.

Tailored Reporting

Management accounts customised to your industry, size, and goals, giving you the detail that matters most.

Actionable Insights

Clear analysis of KPIs, cash flow, and profitability to guide smarter decisions and future planning.

Growth & Control

Reports designed to strengthen financial control, support funding applications, and plan confidently for expansion.

Supporting Your Business at Every Growth Stage

Management Accounts

Start‑Up Stage

At the beginning of your business journey, financial reporting doesn’t need to be overly complex. With limited data available, a straightforward reporting pack provides the essential insight you need. By focusing on a summary of accounts, profit and loss, and a balance sheet, you gain a clear picture of your current financial standing. These reports help you understand whether your early operations are sustainable, guide you in making informed decisions, and prepare you for future growth. As your business evolves, the reporting pack can be adapted to include more detailed indicators that reflect your changing needs.

  • Summary of accounts for a snapshot of activity
  • Profit and Loss to track income and expenses
  • Balance Sheet to show financial position

Growth Stage

As your business expands, financial management becomes more complex and cash flow awareness is critical. At this stage, management accounts should provide deeper insight into your income and expenditure, helping you plan investments and manage obligations effectively. Reports on payables, receivables, budgets, and cash flow allow you to see where money is being spent and received, ensuring you maintain control while scaling. This level of reporting supports better planning, reduces risk, and gives you the confidence to pursue growth opportunities.

  • Payables to monitor outgoing obligations
  • Receivables to track incoming payments
  • Budget and cash flow reports for planning
Management Accounts
Management Accounts

Established Stage

When your business reaches maturity, reporting must become more detailed and targeted to support strategic decision‑making. Advanced management accounts at this stage include KPIs to measure performance, shareholder loan transactions, accruals and prepayments for accuracy, and departmental analysis to understand profitability across different areas of the business. Profit and loss comparisons against prior years or forecasts provide valuable context, helping you identify trends and plan for long‑term success. These reports give you the clarity to manage complexity, strengthen financial control, and drive sustainable growth.

  • KPIs to measure business performance
  • Shareholder loans, accruals, and prepayments for accuracy
  • Departmental analysis and P&L comparisons for strategic insight
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Looking for a complete Management Accounts Services for your business?

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Management Accounts FAQ

1What are management accounts?
Management accounts are monthly or quarterly financial reports designed to give business owners and managers a clear view of performance. Unlike statutory accounts, they are tailored to your needs and focus on KPIs, cash flow, profit and loss, and other key indicators.
2How do management accounts differ from statutory accounts?
Statutory accounts are legally required and produced annually for compliance purposes. Management accounts, on the other hand, are optional but highly valuable, providing regular insights that help you make informed decisions and plan strategically throughout the year.
3Why are management accounts important for my business?
They provide timely information about your financial health, highlight risks, and support growth planning. They can also strengthen your position when applying for loans or attracting investors by demonstrating control and transparency.
4What information is included in a management reporting pack?
A typical pack may include profit and loss statements, balance sheets, cash flow reports, aged debtors and creditors, KPIs, and tailored analysis relevant to your industry or growth stage.
5Can management accounts be customised for my business?
Yes. Every business is unique, so reporting packs are tailored to your sector, size, and goals—whether you need store‑by‑store analysis, project profitability, or departmental breakdowns.