Management Accounts
At Stuart Davis Consulting we are charity finance experts. We can help provide you with management accounts on a timely basis. This will help you spend your time on what matters most to you – your beneficiaries.
We can support your charity whether small or large. Stuart Davis Consulting can provide you with the information that you require to ensure you are compliant with all charity and regulatory requirements.
The services we offer are as follows:
Full Trustee Pack – quarterly or monthly reports as required but to include at least:
- Income and Expenditure Account
- Balance Sheet
- Variance Analysis that you would find useful such as actual v budget, reforecast or prior year
- Commentary, bringing to life the numbers that matter in a way that is useful and can be acted upon.
- Any other reports that you would like to see such as aged debtors or creditors, grant reports etc. The management accounting process includes checking that all your transactions are included in the correct month and place. So, we will confirm and post all:
- Prepaid Expenditure
- Accrued Expenditure
- Deferred Income
- Accrued Income
- Fixed Asset Deprecation
- Foreign Exchange Differences
We will perform all the balance sheet reconciliations and standard month-end checks. For example, we will ensure your aged creditors and aged debtors match your nominal ledger codes.
We will work to a timetable agreed with you and your staff
We will discuss your management accounts with you and your budget holders. We will act as finance business partners to help you use the information to the organisations advantage
To speed up the month end process, we will provide any help and support that is required. We will also write reports that you or your donors need.
