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Monthly Management Accounts

Receive an In-Depth Insight Into How Your Business Is Performing With Mazuma’s Monthly Accounts Management

The management accounts you will receive will give you an in-depth insight into how your business is performing, we’ll include a profit and loss account, balance sheet and ledger listing outlining all the monthly transactions and an overview of your accounts.

Your tailored advice report will include an estimated personal and corporation tax bill, as well as tax saving advice if we can look to reduce your bills.

Why Use Mazuma For Monthly Management Accounts?

Suitable For Everyone

Our monthly accounts management service is for everyone, from start-ups and sole traders to small businesses, freelancers, and limited companies.


When you request a quote from us, you can select the services you’re interested in. We’ll then provide you with a monthly package that best suits your needs and budget.

Frees Up Your Time

Business owners and self-employed individuals have the busiest schedules. Sorting your monthly or quarterly accounts is just another job on a never-ending to-do list.


When you choose Mazuma’s monthly account management services, you’ll no longer need to worry about organising receipts or documenting invoices. We’ll do it all for you.

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Helps You to Scale

When you hand over the responsibility of accounts management to an expert, you have more time to focus on the important stuff, like growing your business.


We can also help with the challenges of scaling a company, such as increased tax and VAT demands, managing payroll for a large team of employees, chasing invoices, and more.

Dedicated Advice

We assign a single dedicated accountant to each of our accounts management clients. Your dedicated accountant is in the best position to offer smart financial advice across a range of areas.


That means you’ll receive personalised service from an expert who will only become more familiar with your business’ performance over time.

Year-End Tax Support

Your accountant won’t only make sure your accounts are in order on a month-by-month basis, but they’ll also handle your taxes. Provided you have been a Mazuma customer for the full financial year, we’ll submit your taxes on your behalf. We can also manage your VAT, taking that pressure off you, giving you peace of mind that your year-end figures will be submitted accurately and on time.

Book a 30 minute accounts health check

Simple, Online Software

Dealing with piles of sales receipts, invoices, and other paper documents can be a nightmare. Mazuma makes it much easier to log your income and expenses. Just scan your receipts into our online accounting software or send them to us via email for free at the end of every month. Our software will organise your financial reports by month to inform you precisely what you spent in the last year.

Book a 30 minute accounts health check

Choose Mazuma For Management Accounts

Trying to keep up with your cash flow for monthly or quarterly tracking can be a nightmare.

The problem is that finances are so closely tied to a business’ operation. For instance, gross profit, revenue, inventory turnover, and operational cash flow may affect a business’s decisions. When business owners have no easy, reliable, and accurate way of documenting their important financial information, they won’t make informed decisions with their cash positioning mind.

Suppose you’re not keeping on top of your finances. In that case, you can see how hard you’ll find it to stay financially stable as a business and how much more difficult it’d be to scale or even set realistic key performance indicators (KPIs) for the future.

When you become a Mazuma customer, you’ll no longer be in the dark about your financial health. In fact, you’ll have access to your financial information anytime.

We’ll prepare management accounts that give you an in-depth insight into how your business is performing. Using data from your cash flow statement and income statement, we’ll provide a profit and loss account, balance sheet, and ledger listing outlining all your monthly transactions and an overview of your accounts.

At the end of every month, we’ll share a tailored advice report. That will include an estimated personal and corporation tax bill. On top of this, it will also offer tax-saving advice that can be used to reduce your bills.



Stress Free Accountancy Service

At Mazuma, we understand that running a small business is stressful, not just from a financial perspective. You want to be able to decrease your boring-yet-essential admin tasks wherever you can, and that’s where our management accounts services come in.

When you sign up for our management accounts subscription, you can breathe a little easier, knowing that one of your most important jobs is being taken care of. Our expert accountants are experienced in working with a broad range of customers in any financial position, including start-ups, sole traders, businesses of all sizes, freelancers and limited companies.

Our management accounts service is just one of the many features of our monthly accounting services subscription.

You pay one monthly cost for our service, with no hidden extras, and you’re guaranteed exceptional customer support delivered by an expert team of qualified accountants.


Sign Up for Our Management Accounts Subscription Today

Let us prepare management accounts on your behalf. We'll organise your financial information and produce a balance sheet and cash flow statement that will inform you of exactly where you're generating your cash on a month-by-month basis.

Monthly Management Accounts FAQs

What Are Monthly Management Accounts?

Monthly management accounts for businesses typically include a profit and loss account, a balance sheet, and a set of detailed ledger listings that show you where your income and expenses have been allocated. You can put the accounts together yourself, or, more accurately, an accountant can do it for you.

If you’re using a cloud accounting package like Xero or Quickbooks, you may be tempted to assume that the reports you run in it will be accurate. However, qualified accountants will use various accounting rules and treatments to prepare a proper set of monthly management accounts. If you want to see how your business is doing, you’ll need an accounting company to take care of your management accounts for you.

Why Do We Need Management Accounts?

To grow your company, set realistic key performance indicators (KPIs). That said, even to just run it effectively, you need to keep an eye on your cash position and measure your performance throughout the year.

The occasional peek at your bank account won’t give you a proper idea of your assets, liabilities, and overall financial status. You need to know how much profit or loss you are regularly making so that you can implement any changes to your business as necessary.

Just because you have money in the bank doesn’t mean that you are profitable. And it doesn’t account for any imminent outgoings or tax bills. Management accounts are vital to getting a true picture of your cash position and how your business is performing.

Getting an expert to produce them is the only way to be sure they are accurate, too.

Is It Compulsory to File Management Accounts?

Unlike financial accounts that require filing with Companies House or tax returns that must be filed with HMRC, there is no legal obligation to produce management accounts for your business. However, having monthly management accounts prepared by your dedicated bookkeeper will open your eyes to the opportunities to improve your business.

With our management accounts services, having a summary of your profit and loss can help you determine whether you’re spending too much on advertising or if you have a large VAT bill on the horizon. That knowledge will allow you to run your business more effectively and sleep easy at night, knowing that there are no nasty surprises around the corner. You’ll also be better equipped to set KPIs and plan for growth in the future.

Don’t forget that with Making Tax Digital on the horizon, getting into the habit of producing a set of management accounts will help you transition over to the new tax system more quickly.

What Is Included in Your Monthly Accounts Management Service?

Our management accounts service typically includes summarising various financial data for accounting purposes, including your cash flow, balance sheet, income statements, and sales receipts.

But that’s not all. We allow you to customise your management accounts experience with us fully, and we can also help with the following:

  • VAT returns
  • Monthly payroll
  • Statutory end of year accounts
  • Corporation or partnership tax return
  • Self-assessment tax return

Select your preferred services when filling in your details for a quick quote, and we’ll get started as soon as you’ve successfully signed up.

Prices start from £34/month + VAT.

Who Will Be Taking Care of My Bookkeeping?

We assign dedicated in-house accountants to each of our clients. Having your set of management accounts produced by a single expert makes it easy for you and us. Your bookkeeper can provide a summary of your financial health over time, including your assets and liabilities. At the same time, the monthly reports will be tailored to any future goals or key performance indicators your organisation has prepared, such as growth in gross profit margin, revenue, or cash flow.

Will I Be Able to Speak to My Accountant Whenever I Want To?

Yes. Our accountants are available to discuss your reports, clarify our process, and advise your organisation on any money management topic at any point. Simply contact us by email or phone if you have any questions or concerns. It’s worth knowing that you may need to schedule a call-back during busier periods in the day.

Is Mazuma Making Tax Digital compliant?

Yes. We use software that is compliant with Making Tax Digital. If you don’t want the stress or worry of setting up a new digital system, contact us today to see how we can ensure that your accounts are compliant with MTD.

How Do I Become Compliant With Making Tax Digital?

To become compliant with MTD, you need to use government-approved software to record your accounts and submit your finances to HMRC. You can refer to HMRC’s software search tool to find out more, or you can use a reliable accountant who already uses MTD-compliant software, like Mazuma, to sort it all for you. We know what we’d rather do!

Are My Statutory Year-End Accounts Included?

Yes – if you have been a management accounts customer for the entire financial year. If you join us in the middle of the year, that’s fine. We’ll play catch-up on your accounts to date and ask that you pay for these months of documentation alongside your set monthly fee until we’re up-to-date.

What Are MTD Digital Records, and What Do I Have to Keep?

Keeping digital records is a core aspect of Making Tax Digital. You will need to keep your records in a digital format from now on. If you use handwritten invoices or sales receipts, you’ll have to transfer that accounting information into MTD-compliant software before submitting your returns. Or, we can get your accountant to do it for you!

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