Management Accounts and Forecasting | Reach Accounting Solutions

Telephone 01538 711 000 Email

Management Accounts

Management accounts are a helpful tool that provide you with financial insights into your business throughout the year and therefore assist in the successful operation of your business.  Often business owners have a good understanding of the current cashflow position of their business, however this doesn’t always reflect the profitability of the business.  You can have cash in the bank today, but still be loss making.  Having such information, will enable you to make well informed business decisions that are appropriate for your business at that point in time.

For example, separate analysis of the performance of distinct areas of your business e.g. different branch locations or different product categories enables you to repeat what is successful and address poorer performing areas.  Alternatively, if business has taken a dip and the solvency of the business is weakening, you need to be aware as soon as possible, so that you can take action to remedy the situation and limit your personal exposure. 

We are able to provide you with tailored management accounts in a format to suit your business, whether that be focussed on graphical representations and key performance indicators or numerical analysis.  Have a chat with a member of the team today, to determine whether monthly, quarterly or bi-annual management accounts are most appropriate given your needs, your businesses performance, risk factors and your budget.



Formal forecasts may be required if you are applying for business finance or seeking to attract investors.  This can be daunting task.  However, we can work with you to prepare thorough well presented forecasts to achieve your objectives.  We can also liaise directly with finance providers or investors to answer questions and speed the process along.

Forecasts and budgeting can also be prepared for internal use and we can also assist with this.  One of the team will sit down with you to understand what your personal and business goals are, what challenges and opportunities the business has, etc and draw up forecasts/budgets with you to help in achieving the outcomes you are looking for.

Cashflow forecasts, are a particularly helpful tool and we can create a template for you to use, to continually monitor the upcoming cashflow of the business.  Of course, the tax liabilities that we have forecast for you should be included in the cashflow forecasts, so that you are fully aware the impact that these will have and you can plan accordingly.

  • How much do accountants charge?/ May 26, 2022

    Well, we’re definitely in how long is a piece of string territory here, but here’s what you should know! Make sure you read to the bottom to find out how we calculate your fees in an open and transparent way here at Reach.  We make sure that you have the level of support you and your business need, with the security of a fixed monthly fee you can rely on.   The factors that impact your accountancy fees I’m sure it’s no surprise that there are multiple factors that will affect your fee, of course starting with which services you need.  The fee for each service will then be affected by your specific circumstances.  For example:

  • Support Available for Business Owners in Relation to the Coronavirus COVID-19 Pandemic/ March 18, 2020

    While we may not be able to physically join hands at the moment given the current social distancing measures, as business owners we can all virtually join together to help and support each other as much as we can. Hopefully, you will have seen the statement issued by the Prime Minister and Chancellor on 17th March 2020, outlining the additional support they are making available for businesses.  These measures include: Cash Grants and Loans

Stay in
the loop

We regularly post news, tips and advice for business owners on a whole host of accounting, tax, employment and business related subjects.

We also have a blog, in which we share our insights and opinions on business topics which we feel need putting under the spotlight.


View all news