Management Accounts
Stay on top of your business’s financial health with our comprehensive management accounts services. At Accounting Globally, we provide detailed and timely financial reports to help you make informed decisions. Our management accounts give you a clear view of your performance, including profit margins, cash flow, and key financial indicators. With our insights, you can plan effectively, identify growth opportunities, and manage risks, keeping your business on track for success.
Income Statement
To reflect the true underlying profitability of the business as per GAAP/IFRS and local rules and regulations. To support decision-making and cost control.
Cash Flow Statement
Ensure healthy cash/bank flows. Prevent cash burn and ensure sufficient funds available at all times to meet operational profitability and strategic growth of the business. Also to aid decision-making regarding long-term investments.
Notes to the Financial Statements
To get details of financial performance, such as CAPEX (Capital Expenditure) to understand movement in Fixed Assets, depreciation charges etc. And how it is affecting profitability and tax position of the business.
Taxation
We calculate taxes (Income Tax and GST/HST) on monthly basis. So that you can make efficient investments. Or you have sufficient funds available to pay taxes within due date.
Balance Sheet
To reflect the Net worth of the business. To support your decision making even your operation, sell and borrow loans from banks. A tidy balance sheet can get you the maximum possible price for your business in the event of selling it. Also to negotiate interest charges including other terms on borrowing loans from banks and financing institutions.
Statement of Changes in Equity
Salary and Dividend policy to ensure maximum tax savings.
Analysis of Financial Information
Ensure the maximum profitability and growth of your business through an analytical review of financial statements including income statements, and balance sheets.