Management Accounts

Drive towards excellence with Unison’s Management Accounts Services!

Drive towards excellence with Unison’s Management Accounts Services!

Does your business stand in comparison with your competitors? How to keep an eye on your team’s efficiency? What steps to execute to scale up profits? How to reach beyond the average players in the industry?

To answer these questions, you must go beyond analyzing mere profit and loss statements or Balance sheets. Instead, you need real-time financial reports and management accounts reports that give clear insights for making critical strategic decisions after robust analysis of the financial figures.

What are management accounts?

The management accounts are financial reports produced for the owners and managers of the company, generally monthly or quarterly, and it usually includes a ratio of profit and loss and a balance sheet.

Who uses management accounts?

Management accounts can benefit:

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    Owners or Managers

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    Tax planners

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    Investors

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    Banks or lenders

How Management accounts can help your business?

Management accounts provide business owners critical information on the financial side of business performance.

They will give you a “dashboard” for your business performance. On the one hand, the management accounts can give you early warning signs of negative trends in your business. On the other hand, on a positive note, the information earned leads to better business decisions, which will allow you to optimize profitability.

Our Management Accounts Services

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Management Reports
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    We prepare weekly/quarterly/annual financial reports for critical financial analysis.

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Management Accounting
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    We prepare accurate Balance sheets and detailed Profit and Loss statements.

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Cash Flow Management
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    We study (analyze) the cash inflows and cash outflows of the business and suggest ways to improve them without affecting vendor and customer relationships.

    We also analyze which type of activity your liquidity flows more such as Operating, Investing, OR Financing.

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Reconcile Control Accounts
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    We help to manage all control accounts reconciliations with utmost accuracy and efficiency.

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Budgeting & Forecasting
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    We can help by preparing an Annual budget and Projected Cash Flow statement for your business.

    We conduct detailed comparisons and research for budgets and forecasts.

    We perform Budget v/s Actual variance analysis and come up with the reasons for the huge variance.

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Financial Analysis
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    We analyze your business trends to get in-depth insights into your business dynamics and assist you in making critical decisions.

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Cost Analysis
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    For a business like Restaurant, where Cost Analysis is essential, we can help by analyzing the Cost matrix.

    By analyzing the product mix, we can suggest how Costs can be reduced by adopting the most beneficial Product mix out of various options.

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Bank & Credit Card Reconciliations
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    We provide bank & Credit Cardreconciliations by preparing custom reports for bankers and stakeholders.

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Revenue Recognition and Adjustments
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    For the business like Sports Events, Software subscriptions, where Deferred Revenue concepts are used to record the revenue, we maintain the detailed revenue recognition schedule to ensure the correct recording of revenue.

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Inter-company Reconciliation and Consolidated financial statements
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    In the case of a BIG business group, where there are multiple subsidiary companies to the parent company, we present an inter-company reconciliation report and consolidated financial statements to analyze the financial result of the whole group.

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Compilation & Review Report
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    We review the financials as per USGAAP, prepare a Compilation report in the standardized template, and prepare a detailed Review report with the list of open items. This is a part of our Audit Services.

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Taxation
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    We assist you in tax preparation and tax planning by reviewing your finances.

Our expertise in various management accounting software

Qvinci

Qvinci

A global leader in financial reporting technology.

R365

R365

Restaurant-specific accounting and back-office software platform.

QuickBooks

QuickBooks

The leading accounting software for small businesses.

XERO

XERO

It is a cloud-based powerful all-in-one solution for the business.

Bill

Bill.Com

Software to manage AR & AP in a single platform.

Wave

Wave Financial

Financial software for small businesses.

NetSuite

NetSuite

Multi-Currency, multi-language, and multi-tax capabilities with 24×7 access from any browser or device.

CaseWare

CaseWare

Accounting and Audit Software Solutions for accounting firms, corporations, and government.

ZipBooks

ZipBooks

Accounting software that handles invoicing, billing, bookkeeping, and reporting in a smarter way.

Sage50

Sage50

Cloud-based software can handle various important aspects like Cash flow & invoicing, Payments & banking, advanced inventory management, job costing, payroll, and reporting.

What is so different about Unison Globus’s Management Accounts?

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    Our periodic business reports and Financial reports will help you track the overall business performance

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    You can review profit & loss statements to understand the actual business profitability

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    You can compare various Operational & Financial ratios of your business with industry standards which will help you to see the areas where improvement is needed

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    We provide new suggestions based on actual performance figures

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    We also identify problem areas and recommend damage control measures

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    We propose measures for better cash flow and finance management

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    Our services are scalable and customized as per your business needs

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    With Unison Globus, you get access to a pool of accounting experts as we boast of a skilled workforce

FAQs for Management Accounts

What is included in management accounts?

Management Accounts generally include an income statement, a balance sheet, a cash statement and a brief report.

Management accounts are used to gain a realistic view of your business performance, including the performance of your business investment, profit, and loss.

The main difference between management and a financial account is that the management account is prepared for the internal community of the company and the financial account is for the external audience.