Management accounts

Here at Palmer Riley & Co. we offer a variety of management accounts, which can be tailored to suit the needs of our clients. These can range from monthly, quarterly or six monthly reports and can include balance sheet if required. These reports can either be used internally by the business or can be prepared in accordance with third party requirements.

These reports are usually requested by our clients, so they can be used by banks or other financial organisations to help guide an individual through their business needs and financial position as the years progress.

Management Accounts – providing an invaluable snapshot of your business

If your business is growing, or had difficulties in the past, the chance to review the financial position as a snapshot part way through the year can be invaluable. It also enables a small insight into the potential tax that may be due by the year end so that large tax bills are not a surprise and can be budgeted for.

If you are looking to sell your business a snapshot of the trading to date can provide potential buyers with an up to date insight into the business and can lead to better, more accurate, offers.

All of the above can be prepared in a timely manner to ensure it remains up to date and relevant to your needs.