Management Accounting

Management Accounting is all about “planning and control” and should be at the heart of an organisation. It forms a key part of the information that appears on a monthly dashboard, which is central to driving your ‘Dynamic Finance Function’.

The key to management accounts is that they should be both timely and reliable. Unfortunately, most small and medium sized companies do not know how to generate accurate forecasts and are therefore unable to create reliable models around ‘what if’ scenarios. This kind of scenario planning is best-practice for larger companies - and now Secantor brings these techniques to small and medium sized businesses.

Part of a Finance Director’s role should be to interpret the key elements of the monthly management accounts for the rest of the Board. Your Secantor business expert will do this through the use of a dashboard that brings together both financial and operational indicators. Rest assured - our dashboards are always bespoke.

The production of monthly management accounts is a task that does not need to be undertaken by your Secantor business expert, but they will ensure that the appropriate information is produced to the correct standard. Secantor can provide this cost-effective service through our support team or help you appoint a suitable part-time or full-time person.