Management Accounts
Stay in control with tailored management accounts for your business.
Understanding how your business performs month-to-month is essential for making the right decisions. At Huddart, we deliver professional management accounts that help you stay in control, plan with confidence and respond to financial challenges before they impact your business.
Based in Worsley, Manchester, we work closely with business owners across Greater Manchester and the North West. Our management accounting services are built around your goals, offering monthly or quarterly financial reports that are easy to follow, accurate and packed with the insights you need to grow your business.
We serve limited companies, sole traders and growing firms who value expert support and a personalised service. Whether you want to manage your cash flow better, reduce unnecessary costs or plan for expansion, regular financial reporting can help you stay ahead.
What are management accounts?
Management accounts are internal financial reports that show how your business is performing now – not just at the end of the year. Unlike statutory accounts, which are used for compliance and filing with HMRC and Companies House, management accounts give you the real-time data needed to manage your day-to-day operations and long-term plans.
Your reports will typically include:
- a monthly income statement (profit and loss account)
- balance sheet and cash flow statement
- comparison with previous periods or forecasts
- custom key performance indicators (KPIs)
- narrative commentary and recommendations
These reports give you a clear view of your financial position, helping you make better-informed decisions. You’ll know where your money is going, which areas are profitable and where changes might be needed.
What’s included in our management accounting service
We tailor our service to your business and your preferred accounting system, whether you use spreadsheets or a cloud-based platform. Every month or quarter, we’ll prepare a management report designed to give you a complete financial overview. We work closely with your management team to ensure the insights provided in your reports reflect the specific goals and challenges of your business.
Our service includes:
- Fully prepared management accounts on a monthly or quarterly basis.
- Personalised financial reports aligned to your goals and KPIs.
- Tracking of cash flow, gross margins and income trends.
- Profit comparisons, forecasts, and variance analysis.
- Performance insights on specific departments or cost centres.
- Commentary and advice from your dedicated accountant.
- Preparation of visuals and dashboards to simplify complex data.
- Assistance with budgeting, planning and board reporting.
- Seamless integration with your current accounting solution.
Your management reports can also support strategic decisions like funding applications, tax planning, dividend scheduling or hiring. They form the foundation of better business control, especially in fast-growing or multi-entity businesses.
Why regular financial reports matter
Many businesses rely on year-end accounts to understand their financial health. But by the time these are available, the numbers are already out of date. Management accounts give you current data, so you can make informed decisions when they matter most.
With clear reporting and expert advice, you can:
- Manage cash flow and working capital more effectively.
- Monitor profitability month-to-month.
- React quickly to market changes or unexpected costs.
- Align your decisions with financial performance.
- Identify trends and opportunities before competitors do.
- Present clear information to lenders or investors.
Unlike generic templates or off-the-shelf dashboards, our reports are tailored to your unique business. We don’t just provide numbers. We help you understand what they mean and what actions to take next. With our management accounts prepared monthly or quarterly, you’ll always have current financial data to support better decision-making.
A personal service built around your business
At Huddart, we pride ourselves on building long-term relationships with the businesses we support. We take time to understand how you work, what challenges you face and what financial data you value most.
Whether you’re a sole trader looking to better understand your income and costs or a limited company planning your next stage of growth, we can help. We’ll create a management accounting solution that’s tailored to your business needs.
We work with clients across Manchester, Salford, Wigan, Bolton and the wider North West. Our friendly, experienced team can also assist with accounts preparation, tax services and wider business advisory needs.
If you need reliable, up-to-date financial data to support your business journey, you’re in the right place.
Who uses management accounts?
Management accounts are helpful for all types of businesses – not just large firms with a finance team. Our clients include:
- owner-managed businesses
- start-ups preparing for growth
- limited companies with board reporting needs
- sole traders looking for regular financial insight
- multi-entity businesses managing performance across sites
These businesses value the clear insights that management accounts provide. They help you plan for taxes, spot issues before they escalate and make confident decisions based on up-to-date financial information.
Ready to gain more clarity over your finances?
Talk to Huddart about setting up a monthly or quarterly management accounts service. We’ll work with you to create financial reports that reflect your priorities and give you clear visibility into your business performance.
To find out more, get in touch with our team. We’d be happy to arrange a no-obligation consultation.
You can also return to our Accounts Services page to learn more about our full support offering.
