Preparation of management accounts can be time-consuming. Often businesses can not spare resources. With the expansion, the working capital requirement increases and often the businesses require additional funding from them.
In addition to the annual accounts, many lenders require regular management accounts, either to support the existing overdraft facility or in support of your request for additional funding for expansion or working capital. This can place a huge strain on already limited resources. At Cooper Young we can handle this extra demand for you, easing your burden and freeing you up your time which you can better spent in managing your business. The management accounts prepared by an independent accountant carry more credence with the lenders.