Even where the results give no shocks or surprises, management accounts can bring peace of mind.

When we prepare management accounts ,we carry out all the analytical work which would normally be undertaken at the year end, and this can produce cost savings when preparing the annual accounts.

Management accounts are of great assistance to bankers and other potential lenders, and we have found mast banks have much higher regard for their customers if they are receiving regular financial information from them. You may already prepare figures for the bank on regular basis. You should ask yourself whether it would be more cost effective to allow us to carry out this work on your behalf. We have the necessary experience to do the work, and it would free up time for you to manage your business.

Financial Projections
At the beginning of a financial period we can all make reasonable estimates of expected profit .

What proves to be more difficult is considering how this performance is going to impact on cash flow. It is a relatively straightforward task to prepare a profit projection. It is far more difficult to gauge the effect on cash flow of slow paying customers, tax and VAT liabilities and capital expenditure items.

There are "off the shelf" spreadsheets available to assist businesses in determining the peaks and troughs of cash balances. At Atholl Scott we believe that each business is unique and for that reason prepare a bespoke financial planner for each client, tailored to their needs. We re-examine clients financial planners at regular intervals to take account of changes in business circumstances, making adjustments as required.

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