McEllin Kelly specialise in the provision of monthly and quarterly management accounts. These management accounts differ from statutory accounts in that the financial data gleaned from them is used to advise a company on how to organise and develop its business.
You can’t run a business from statutory accounts alone and this is where management accounts come in.
McEllin Kelly management accounts will give you;
- The real profit and loss of the business
- Break even analysis
- Cash flow forecast
- Prior year and budget analysis
The statutory accounts’ sole purpose is to report on the taxable profit of the business and then to calculate and report the corporation tax