Accounts for Sole Traders
Year-end Accounts
Accounts are financial statements that show a company's financial performance and position over a specific period. They provide valuable information about a business's financial health and are essential for making informed decisions.
A basic requirement that we undertake as accountants but we believe in doing the basics brilliantly. We will prepare the accounts for your company from your accounting system and ensure that they are prepared on time, every time – guaranteed*.
Let us take the stress away from your basic compliance!
*where your records are ready for us by a mutually pre-arranged date
Management Accounts
Management accounts are financial reports that provide business owners and managers with critical information on the company's financial performance. These reports are typically prepared on a monthly or quarterly basis and include information such as cash flow, profit and loss statements, and balance sheets. They are used to monitor financial performance, identify trends, and make informed business decisions. Management accounts are different from financial statements that are prepared for external stakeholders, such as investors or creditors, as they are geared towards internal use only.
We will provide you with management accounts at intervals that are meaningful to your business and give you some real insights in to how you are progressing throughout the year.
Of course, those management accounts are not much use to most people if they are just a bunch of numbers of a page. We want you to get as much out of them as possible so will always provide some commentary and KPIs that are useful to you. We usually find that KPIs are a moving target and we will work with you over time to find the ones that guide you and your business most effectively.
