Sibbald & Co, Chartered Accountants, Derby, Annual Accounts, Management Accounts, Audit

We consider the preparation of annual accounts as an ideal opportunity to provide our clients with detailed insights into how their businesses are performing, and to highlight management strengths and weaknesses. Accounts preparation, auditing, and management accounting are areas where Sibbald & Co. have a wealth of experience in guiding clients’ businesses along a profitable path.

SERVICES	BENEFITS
Preparation of annual accounts from your own records	Reduced administrative burden Our calculations can be related directly back to your own Easy to understand layout Time/cost savings
Audit (if required) of the annual accounts to comply with the necessary statutory or regulatory requirements	Business strategic planning Audit of strengths & weaknesses Competitive tool Third party credibility (e.g. banks)
Preparation of management accounts (usually quarterly and/or half yearly), business plans, cash flow and profit forecasts	"Hands-on" knowledge about how your business is progressing financially on a day-to-day basis Lenders often stipulate provision of regular management accounts based on earlier business plan Ability to make financial adjustments (e.g. to cash flow situation) using new found intelligence More accurate planning and forecasting – e.g. sales Greater confidence concerning financial decision taking
Meeting with yourself to discuss the accounts and, if necessary, liaison with your bankers and other relevant third parties regarding your financial progress	Builds a more effective working relationship Enables "team action" leading to informed actions by your accountant, bank, etc. You can see the "full picture" about how your business is developing Personal business understanding is enhanced by face-to-face meetings Planning becomes more structured