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Management Accounts

When you are running a business you need up-to-the-minute financial information. How often do you actually see reliable management information?

At Wylie & Bisset, the corporate services team can provide management information on a regular basis using our management accounting function.

We can provide a management accounts package tailored to your needs. This could be monthly or quarterly management accounts which could include:

  • Detailed profit & loss account for the period with comparative information
  • Detailed balance sheet with comparative statistics, providing information regarding the business assets and liabilities.
  • Advice and feedback on your bookkeeping system to improve your transaction recording.
  • Advice and analysis to help you understand the results.
 Lorna Wyllie Corporate services partner

How would your business benefit from regular management accounts?

  • Enable you to keep track of the financial affairs of the business.
  • Timely information for decision making and control of your business.
  • Bank managers like to see regular management information especially where there are loans and overdrafts.

Budgeting, Forcasts + Cashflows

Where will your business be in a year, two years? At Wylie & Bisset we believe that preparing budgets, forcasts and cashflows is are important tools for planning for the future of your business. In addition they can be a valuable tool for attracting external finance or investment.

The Corporate Services team at Wylie & Bisset has developed a comprehensive tool to produce financial projections. We can produce a projected detailed profit and loss account, balance sheet and cashflow for any future period.

In combination with the management accounts these can be updated on a rolling basis with actual information obtained from the management accounts.

Business Plans

Where will your business be in 5 to 10 years time? Preparing longer term plans is important to know where the business is heading.

Business plans are also a key tool for attracting finance or investment. Whether it is for the board or for the bank, Wylie & Bisset have substantial experience in the preparation of comprehensive business plans.

Contacts:  Ross McLauchlan - Partner  Lorna Wyllie - Partner