Management Accounts
Expert accountants in
management accounts.
Our bespoke in-year reporting service is geared around how business owners actually want to measure and review their business.
- Monthly or quarterly - whichever suits how you run the business
- Reporting plus a review session - not a PDF left in your inbox
- KPIs in plain English - so the numbers change what you do next
Prefer to talk? 0121 753 5522
Book a free consultation, and we’ll provide a personalised approach to your finances
- No obligation
- Same working day reply
- Kept private
How will management accounts support your business?
If your business is growing, or already large enough to need proper control, you need to stay up to date with both business performance and the financial position.
Regular finance reporting accompanied with reviews from your Onyx team creates dedicated time each month or quarter to look at the business properly, rather than finding out how the year went nine months after it ended.
Annual accounts tell you what happened. Management accounts tell you what is happening.
What your reports cover.
Reports highlight the year-to-date key performance measures that tell you whether the business is working.
Gross profit
Accurate reporting of the money made in doing business.
Overheads
Accounted for consistently, so month-on-month comparison means something.
Net profit margins
Knowing the margin you actually keep, not the one you assume.
Break-even points
Establishing the number the business has to clear each month.
KPI summary
An easily digestible summary reporting on relevant business operations.
Profit and loss
Accurate P&L reporting you can hand to a lender or investor.
Simple short-term finance dashboards prove most useful here.
Planning for the future.
Where the reporting turns into decisions.
Cash flow forecasts
Knowing what the bank balance does over the next quarter, not guessing.
Numbers behind the plan
Preparation of figures that support your business plan.
Resourcing new work
Establishing whether the business is resourced adequately for new opportunities.
Reviews
What people say on Google.
Before Onyx we didn’t really have a clue where we stood from one day to the next. They helped us take financial control of the business — and gave us real insight into running it better.
Diligent, fast to respond, and they go the extra mile. They made us fully compliant and fixed errors I didn’t know were there. A very positive move from my previous accountants.
Eight years in, they still go well beyond compliance — strategic advice, quick answers, and a genuine eye on opportunities that benefit us.
Questions we get asked.
How often would we get management accounts?
Monthly or quarterly, whichever fits how you make decisions. Monthly suits businesses with tight cash cycles or fast growth. Quarterly is usually enough for steadier businesses. We will tell you honestly which one your business needs rather than selling you the bigger package.
Is this not just our year-end accounts done more often?
No. Year-end accounts are prepared for Companies House and HMRC, in their format, to their deadline. Management accounts are prepared for you, in the format that answers your questions, while there is still time to act on them.
Do we need to be on a particular bookkeeping system?
It helps if your records are in Xero, QuickBooks, Sage or Dext, because the data comes across cleanly. If you are on spreadsheets we can still work with that, and we will talk to you about whether moving is worth it.
What actually happens at the review?
You get the pack in advance, then a call or a meeting to go through it. The point is the conversation, not the document. If nothing in the pack changes a decision, we are not doing our job.
Contact us now for a free, no-obligation consultation.
No obligation, and a fixed written quote before you commit to anything.