Our Commercial Managers will help generate useful commercial conclusions from the somewhat less than useful statutory accounts process.
Shortly after the end of your tax year, our Business Consultants will help you collect the information our Accountants need to prepare your annual statutory accounts. We are happy to work with your own bookkeeping records (often in excel) or you might prefer us to prepare the data from original invoices and bank statements.
Once the data is collected, our Accounting team is normally able to produce a set of draft statutory accounts for your approval within a week, including calculating your corporation tax liability. By tackling the accounts process shortly after the financial year end and working through the corporation tax calculation in the same time frame, this allows you to budget for and build the payment into your cash flow model.
Once the statutory accounts are complete, our Accounts team and Commercial Managers will begin work on a “Commercial Insight” report which aims to deliver actionable commercial guidance designed to help increase profitability and growth.
Reviewing these conclusions provides our clients with the chance to identify and exploit competitive advantages and to set targets and objectives for the coming year.