Management Accounts give you a true picture of how your business is performing, where it is succeeding, and where it is struggling. They transform your raw financial data into actionable insights that enable informed decision making.
All businesses generate data, and everyone tells you how important this data is. The problem is extracting worthwhile information from the endless ocean of numbers. If you are struggling to fully understand financial performance, you’re in the right place.
Gravitate Management Accounts cut through the noise and put the key information front and centre. From monthly/quarterly reports to cash flow forecasts, we believe quality Management Information should feel like a business cheat code.
Gravitate will set you up with real-time financial insights and reports, including:
Our team of skilled management accountants is based in Sheffield, but we help businesses from all across the region and nationwide!
If you only see your accounts once a year, your performance data may be out of date. How can you expect to make timely business decisions based on this?
Rather than seeing a set of accounts just once a year, Gravitate will provide you with a full set of management accounts each month or each quarter. These management accounts are bespoke for each company, so we can show you the most useful information for running your business.
We will also include all adjustments for depreciation, accruals, prepayments, accrued income and deferred income on your behalf.
From our headquarters in Sheffield, Gravitate helps ambitious businesses from the Sheffield region and beyond to free up time, save money, eliminate errors and enable better business decisions. We do this with accessible, cloud-based finance systems.
Working with Gravitate means no more wrestling with spreadsheets and receipts. It means a modern, streamlined approach to finance.
We can train your team handle everything, including raising invoices, bank payments and bank reconciliations, giving you the clarity, control and breathing space you need to focus on your priorities.
Or, if you would prefer, we can take care of it for you!
We will help you predict future cash inflows and outflows to anticipate shortfalls and surpluses, ensuring liquidity and enabling smart financial management and pricing strategies.
Our Management Accounts will tell you exactly where your best profits are generated. Beyond the standard profit and loss, we also provide detailed trend analysis, identifying key performance variances against budget and prior periods, enabling informed decision-making.
We’ll help you assess risks and returns and choose strategies that maximise value. This includes budgeting, pricing, financial modelling and working capital management.
Management accounts are for internal use. They have a flexible format, focus on decision-making, and are not necessarily compliant with strict accounting standards. Financial accounts are for external use and must adhere to a strict accounting standard. They focus on providing a true view of the company’s financial position and are prepared annually.
There are no set rules for Management Accounts, but monthly or quarterly is ideal. Regular updates allow you to stay on top of your business's performance and adjust in good time.
Management Accounts are not a statutory document, so it is possible to prepare them yourself. However, we strongly recommend working with a qualified accountant who can use their expertise to ensure accuracy and provide meaningful analysis.
The KPIs (Key Performance Indicators) that Management Accounts focus on will depend upon the priorities and needs of each business. Common KPIs include gross profit margin, net profit margin, cash conversion cycle, customer acquisition cost, customer lifetime value, and return on investment.
As there are no set rules in place, Management Accounts should be as detailed as the business needs them to be. For more complex businesses, they can be extensive, whereas simpler businesses may wish to just focus on a few key risk areas.
Yes, this is one of the most useful aspects of Management Accounts. By analysing revenue and cost data at a product or service level, you can see what is underperforming and make informed decisions about whether to continue with them or not.
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