Management Accounts : A Case Study

A new client of Merranti’s used to dread year end. They had no idea how much profit they had made and no idea how much tax they owed.  With the introduction of quarterly management accounts, which includes a profit forecast, our client now knows how much money they have made each quarter, how much tax to set aside on a regular basis and a good indication of how much profit they are likely to have at year end. This enables them to budget accordingly.