Interim Accounts

Barry J Nudds, Chartered Accountants

modern approach - traditional values

 

telephone 01284 625933 or 07847 004490

email enquiries@bjnudds.co.uk

56, Hepworth Avenue, Bury St Edmunds, Suffolk, IP33 3XS

 

Interim Management Accounts

 

Interim accounts on a monthly or quarterly basis is recommended for limited companies and any business where the managers need to keep track of actual performance against budgets

  • Identify business trends by activity enabling management to take appropriate action
  • Enables the directors to consider interim dividends
  • Directors account balances
  • Provides in year balance sheet reconciliations including trade debtors, trade creditors, VAT, PAYE and corporation tax provision
  • Highlights possible areas of saving
  • Consideration of capital expenditure before the year end and the impact on taxes
  • Ensures annual accounts are available at an early date

If the recording or accounting system is working well, be it an accounting package or speadsheet workbook, interim accounts can be generated quickly and efficiently

 

For those with in house accounting functions covering management needs a professional review at the 9 or 10 month point of the year will highlight any issues to be dealt with by the year end and enable input on taxation.