Year End and Management Accounts Services
At Exchange Accountancy Services we would split accounts into the compliance (year-end) side and the business development side. Each client is assigned a partner who will be in charge of your affairs and you will have direct access to this partner at any time.
Compliance and Year End Accounts
At each year end, we will conduct a health check by reviewing your existing accounting and control systems and make recommendations for improvement. We will also ensure that statutory Companies House and HMRC filing requirements and deadlines are complied with.
Management Accounts & Business Development
We can’t stress enough the importance of management accounts, consultancy and business development. There hasn’t been a more important time in business than now to ensure that management information is in both a timely and accurate matter. Entrepreneurial businesses need reliable timely financial information as a tool to effectively manage the business. Management accounts are a must in this environment.
Exchange Accountancy Services offer various different timeframes for management accounts which includes 9 monthly, half yearly, quarterly and monthly depending on business needs. The frequency of management accounts would be set in advance with the business owner. We would also attend review meetings to discuss your management accounts and key performance indicators as if we were members of your Board. We can effectively act as a ‘Virtual FD’ to your business or simply observe and make recommendations. It is important to be proactive rather than reactive in this challenging economic climate.
If you need additional finance or are thinking of selling your business, we can provide you with an up-to-date valuation of your business. We can liaise with banks and other financial institutions on your behalf to negotiate hire purchase, loans and or overdraft facilities. Should a business plan be required we will prepare an impressive, comprehensive report that would satisfy the requirements of banks and other finance providers our team of accountants have a wealth of experience preparing year end and management accounts for limited companies, small businesses and medium size enterprises including sole traders and partnerships in the Greater Belfast area and throughout the rest of Northern Ireland. Please contact us for more information and a free, no obligation, consultation.