Monthly Management Accounts
Our Purpleforce package provides you with monthly management accounts without the hassle and time of you having to input your data into a software package to get useful management information.
Your monthly management accounts will include a profit and loss account showing the current month and year to date figures, a balance sheet (if applicable), and detailed ledger listings detailing how much you have spent and on what that month.
Our clients have found that monthly management accounts have enabled them to see an up-to-date view of their business. They can see the areas that they have over or under spent, look at their profit to date, and most importantly take a look at how much profit there is to pay tax on.
Management accounts are especially important if you are a company Director that takes dividends from the company. For a dividend to be legal there must be retained profit after corporation tax, and the only way to know that is to have accounts that can tell you!