Management Accounts
A professional service designed for anyone managing a rural business. Relying solely on tax and audited accounts can often give a skewed view of your business, especially given the complexities of cross-year production cycles in cropping, extended livestock production cycles, valuation methods, and depreciation handling. In uncertain times, clear and detailed reporting is more crucial than ever—because, as the saying goes, “If you can’t measure it, you can’t manage it.” Creating or reconciling a "Management Report" from your financials helps everyone understand the strengths and weaknesses of the business, paving the way for meaningful improvements.
The service
• A review and evaluation of existing financial records, VAT and audited accounts.
• Discussion of business records you keep including, Physical Records, KPI’s, Cashflow etc.
• Creation of Management reports and discussion of a helpful reporting frequency.
• Reconciliation between financial accounts and management accounts.
• Interpretation of financial and management accounts, including depreciation and valuation.
• Pre-year-end profit prediction to allow for proactive tax management.
• Optional partial budgets to assess change or alternative enterprises.
Why me
• I offer a timely service with 25 years of experience, ensuring no detail is overlooked.
• Expertise across dairy, livestock, forage, cereal, vegetable, and property sectors.
• Skilled at reviewing data from a wide range of systems—I know what works!
• Deep understanding of the performance that similar farms and businesses can achieve
• Experience to interpret your information, via either excel or your own software.
• An independent perspective to assess performance from both practical and financial angles.
• Extensive experience working with professionals, including banks and accountants.
How you Benefit
• Confidence that the business, plan and cashflow is viable.
• Improved business understanding, to make decisions more easily.
• Access to bespoke software reduces preparation time and releases more time for discussion.
• Providing professionals with well-presented accurate information for better collaboration.
• A robust well considered plan saves you money and simplifies management.
• Reduced time and stress understanding the business or preparing for change.