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Management Information

Alexander Accountancy’s management information service provides clients with up-to-date information of how their business is performing. It converts the latest bookkeeping information into management accounts forecast and allows us to interpret what has or may be happening, giving the business owner the ability to respond to challenges or take advantage of opportunities at a much earlier stage than if they had waited for annual accounts to be produced.

Who can benefit?

This service is usually of more use to medium to larger size businesses rather than sole traders or smaller partnerships. It has been of greatest value where businesses are on tighter budgets or managing seasonal trends.

Key benefits:
Alexander Accountancy’s management information service allows clients to monitor performance against budgets and other targets. It also gives them benchmarks against previous periods and allows them to better predict where they will be going forward and anticipate any challenges they may encounter, or opportunities they can take advantage of.

Main outcomes:
Clients are provided with periodic figures according to the interval chosen, together with a summary and comparison provided by email, telephone or in person, based on the level of service instructed.

Alexander Accountancy’s process:
Most management information is supplied on a monthly or quarterly basis depending on the type and size of business.

Our expertise:
The systems we use for clients are broadly the same systems we use ourselves. Therefore, not only do we fully understand all aspects of them, we are providing the level of service that we ourselves expect.

How we overcome popular misconceptions:
We come across cases where clients think you should be able to get the same information from the annual accounts. Those assumptions are incorrect as the annual accounts are a financial compliance tool, whereas management information has greater depth, is a lot more time appropriate and aids decision making to be ahead of any issues.