Accounts information is key to making the right decisions for your business, so it is important that you can rely on it.
Our accounts services, which can be delivered individually or combined to suit your requirements, include:
You decide the level of support you want. We can supply you with a full accounts preparation package of regular management accounts and year-end accounts, or we can simply provide you with a timely, cost-effective year–end accounts service. We can also train you to become self-sufficient in some, or all, of these areas. Every part of this service can be quoted in advance so you can weigh up your time and cost alternatives in making your decision. At the year-end we will compile your results as quickly as possible, enabling a useful review to take place and giving you an early appraisal of your tax position to help cashflow management. Beyond these core capabilities our team can also provide:
- Financial statements under UK GAAP and UK Financial Reporting Standards
- Financial statements under International Financial Reporting Standards (IFRS)
- Reports for regulated sectors under Statements of Recommended Practice (SORP’s), including those for charities, academies, pension schemes, estate agents, solicitors etc.
You may want help writing up books or need us to add the finishing touches to information on bookkeeping systems so you can create your own management information. If you do not employ a bookkeeper then we can take up the role. Whether you want us to work at your site to better understand your needs or would appreciate the flexibility of a cloud or online solution, we would be happy to discuss how we can best work together. Alternatively, we can help you recruit the right person for your business.
Cashflows & forecasts
We can prepare cashflow forecasts for your own specific use or to present to third parties, such as banks and financial advisers. They provide a handy indication of the day-to-day cash requirements of your business over a given period and often serve to highlight financial implications that might otherwise be overlooked. These forecasts can be tailored for use with new business projections or to help you develop and expand existing businesses.
McBrides has become partners with Xero providing a web-based solution allowing you to access your accounts anywhere and at anytime. Apart from improved data access and sharing it also means that as your accountants we can access your live data and provide real-time business advice and support. Xero is a proven provider and one of the fastest growing and most respected services in the UK. Our service is subscription based, so it can scale with your business. Multiple users are also easy to set up at no extra cost.
Consolidation accounting is the process of combining the financial results of several subsidiary companies into the combined financial results of the parent company. The overall aim is to present the results of the group as if they were those of a single entity. Our skilled team can navigate the complexities of preparing consolidated group accounts. We do this regularly for a range of clients, including those with international parents or subsidiaries.
This is the practical side of accounting that can be really useful to your business, and which we enjoy getting our teeth into! We can help you to prepare management accounts for either internal or external reporting purposes and tailor our reports to match your specific needs. Typical metrics might include:
- actual performance versus budgeted performance
- cash projections and key performance indicators
- costing information at a product/service, departmental or business-wide level.
Good reporting is an essential requirement for almost every business. It can help you to improve your overall financial and tax position as well as win the confidence of your investors and bankers through the submission of credible management information.