All our clients can benefit from management accounts, and to be fair we will send out a very basic profit and loss account once we have completed any work for you. We would probably just call this a transactional profit and loss and would not include some of the finer tuning your year end accounts would get. Although we will allocate items to assets if we think they should be there instead of the profit and loss account.

The reason for not going overboard with the transactional profit and loss is because it costs our clients money as their accountants may see fit to capitalise an item we deemed to be a repair or vice versa, and we all don’t want to be spending money on unnecessary costs.

For people wanting a more detailed approach, and with my experience as a practice accountant, we can certainly give you the goods that you want.

If you would like to find out more simply get in touch.