Management accounting also called managerial accounting or cost accounting is the process of analyzing business costs and operations to prepare an internal financial report, records, and accounts to aid managers’ decision-making process in achieving business goals.

Management accounts are a set of financial statements prepared either monthly or quarterly, which provide clear insight into the financial trading position of the business.

They are not required by law, and they do not have to be filed with HMRC, but they will put you more in control of your finances than ever before, supporting the growth of your business. At SEARS Accountants, our accountants will take care of the management accounts, including profit and loss account, balance sheet, cash flow statement, and reports.