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:
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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