Professional Management Accounts In Milton Keynes
Looking for Accurate Management Accounts? We might just be the accountants you are looking for. At CFO360, we are dedicated to helping small business owners Prepare and submit their annual accounts to meet their HMRC obligations.
Why Choose CFO360 UK For Your Management Accounts?
At CFO360 UK, we understand that the accounting process and terminology can be daunting and highly confusing, so we have built a business model around helping small business owners keep track of their company’s financials in a way that is easy to understand.
What are the benefits of trusting us with your management accounts?
- You receive monthly or quarterly (depending on your chosen package) management accounts showing your businesses financial standing.
- Be aware of your tax obligations so you don’t have any nasty surprises come tax season
- Have accurate financial reports to make important business decisions
What is included in our Management Services?
- We review your accounts and prepare your management accounts
- We review your profit and loss statement
- We review your balance sheet
- We review your accounts receivable & payable
- We raise any issues with you before sending the complete management account which include a simple and easy to understand dashboard.
- You can schedule a call with your dedicated accountant if you have any questions about the management accounts or require any ongoing advice.
Standard Pricing Packages
Sole trader
- Advice on using QuickBooks Online as required.
- Provision of ad hoc accounting and tax advice.
- All filings and returns to HMRC (excluding VAT returns).
- Provision of online accounting software, QuickBooks Online Simple Start.
- Personal self-assessment tax returns.
- Registration and set up at HMRC of your entity.
Compliance
- Annual accounts & Corporation tax return.
- Unlimited ad hoc advice and guidance.
- Self-assessment returns for 1 director.
- Monthly PAYE processing for directors.
- Confirmation statement filing.
- Registration with Companies House and HMRC for all taxes.
- QuickBooks Online Simple Start software (worth £12/month).
Standard
- Dedicated Accountant.
- Quarterly Bookkeeping.
- Quarterly Management Accounts.
- Annual business review.
- Unlimited ad hoc advice and guidance.
- Self-assessment returns for 1 director.
- Monthly PAYE processing for directors.
- Confirmation statement filing.
- Registration with Companies House and HMRC for all taxes.
- Cashbook processing.
- QuickBooks Online Essentials software (worth £22/month).
Premium
- Dedicated accountant.
- Monthly bookkeeping.
- Monthly management accounts.
- Annual business reviews
- Unlimited ad hoc advice and guidance
- Annual accounts & Corporation tax return
- Self-assessment returns for 1 director.
- Monthly PAYE processing for directors.
- Confirmation statement filing.
- Registration with Companies House and HMRC for all taxes.
- QuickBooks Online Essentials. software (worth £22/month)
- Processing supplier invoices and use of Dext software (worth £30/month).
*The above pricing is subject to confirmation on review of your business transactions and complexity.
*There are a number of exclusions of what advice is covered in our ongoing packages, such as advice relating to mergers and acquisitions. Full details of all exclusions can be found in our engagement letter or requested from hello@cfo360.co.uk
Our Bespoke CFO Add On Services
Priority CFO
- Finance Manager
- Budgeting
- LOB reporting
- Quarterly Financial Review Meeting
- 12 Hour Monthly TTC*
Premier CFO
- Finance Manager
- Everything in Priority +
- Cashflow forecast - 60 Day **
- Bi-Monthly Financial Review Meeting
- 20 Hour Monthly TTC*
Premium CFO
- Senior Finance Manager
- Everything in Premier +
- KPI Development & Measurement
- Monthly Financial Review Meeting
- 32 Hour Monthly TTC*
What Our Clients Have To Say
Frequently Asked Management Accounts Questions
A type of financial report that provides insight on the financial performance of your business
There is no legal requirement for companies to produce management accounts but they are an incredibly useful tool for business owners and management when making strategic decisions.
Financial statements are historical reports that contain data for a defined period of time to keep tabs on a company’s financial transactions.
Management accounts are reports of past performance and are typically used by business owners and management to create business forecasts to inform strategic decision making.
Management accounts are typically a set of summarised accounting data and can include any number of reports including:
- Profit and loss statement
- Balance sheet
- Cash flow statement
- Income statement
Note:
-These fees are in addition to an accounting package, exclusive of VAT and are chargeable monthly.
-The above fees and time commitments are guidelines. This is reviewed within the first 90 days and annually thereafter.
-*TTC = Total Time Commitment
-**Depending on entity requirements best done with Weekly/Bi-Weekly Bookkeeping
Additional Services
- Additional self assessments (1st is included in packages)
- VAT processing, and preparation & submission of VAT returns
- - Compliance Clients
- - Flat Rated Scheme
- - Standard Rated Scheme (Processing supplier invoices and use of Dext software included)
- Processing supplier invoices and use of Dext software
- Amazon sellers
- Research and Development on request
- Payroll fee schedule available on request
*The above pricing is subject to confirmation on review of your business transactions and complexity.
*There are a number of exclusions of what advice is covered in our ongoing packages, such as advice relating to mergers and acquisitions. Full details of all exclusions can be found in our engagement letter or requested from hello@cfo360.co.uk
About our pricing
Fixed fees
Quickbooks Online and Dext subscription (where applicable) are covered in the fixed monthly fees, along with your business and personal income taxes and reporting.
Personalised accounts
Your dedicated accountant will produce personalized management accounts on a monthly or quarterly basis. The management accounts provide an overview of your expected tax obligations at year-end.
Additional services
We have a team of accountants who are available to answer your financial questions and provide ongoing accounting advice. We also provide periodic business reviews where we point out areas that need attention and discuss how you can increase growth and profitability.
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