Management accounts

What are management accounts & do statutory accounts include?

At Boobooks, we prepare customised or standard financial reports on a monthly or quarterly basis to help you stay on top of your business performance.

Unlike Statutory Accounts, which are prepared annually to meet legal requirements, Management Accounts are tailored specifically for your business needs. These reports typically include:

• Key Performance Indicators (KPIs)

• Balance Sheet

• Profit & Loss Statement

• Executive Summary

Designed to provide clear insights into your company’s financial health, Management Accounts empower business owners and managers to make informed daily and strategic decisions.

They’re also incredibly valuable when planning for growth or applying for business financing, helping you present a strong and well-documented financial case.

Further information about management accounts

At Boobooks, we believe that Management Accounts are essential for running and monitoring the health of your small business or organisation. These reports highlight key performance indicators and help you assess whether you’re meeting your business goals within the desired timeframes.

If your business qualifies as a small company, you may benefit significantly from regular Management Accounts. You’re considered a small business if you meet at least two of the following criteria:

• Annual turnover under £632,000

• Balance sheet total of £316,000 or less

• 10 employees or fewer

Management Accounts can be a powerful tool in unlocking your business's full potential. They help you:

• Identify strengths and areas for improvement

• Make timely and strategic financial decisions

• Plan for sustainable growth with confidence

Why Choose Boobooks?

At Boobooks, our management accountants are fully qualified professionals with extensive experience in supporting and advising small businesses. We understand the unique challenges you face — and we’re here to help you navigate them with confidence.

Customer service is at the heart of everything we do. We don’t just deliver reports — we work closely with you to identify the insights you actually need. Our team provides on-demand reporting and proactive recommendations on which financial reports can best support your goals, whether you're looking to improve cash flow, plan your next investment, or make strategic business decisions.

With Boobooks, you get more than numbers — you get a financial partner dedicated to your success.

We support your business
at each growth stage

Start-up stage

If you’re an early-stage start-up, you don’t need complex financial reports — just the essentials to track performance and make informed decisions.

Start with:

• Summary of Accounts

• Profit & Loss Statement

• Balance Sheet

These basic reports provide a clear picture of your financial health and help you plan for growth. As your business scales, we’ll adjust your reporting pack to include more detailed KPIs and metrics.

At Boobooks, we tailor your management accounts to support every stage of your journey.

Growth stage

As your business expands, so do your financial responsibilities — especially when planning new investments. Understanding your cash flow becomes critical.

Upgrading your management accounts helps you track both income and expenses more accurately. At this stage, your reports should include:

• Payables

• Receivables

• Budget

• Cashflow

These insights give you a clearer view of your financial commitments and help you make smarter, growth-focused decisions.

At Boobooks, we evolve your reporting as your business grows.

Established Business

As your business matures, you’ll need more detailed and targeted financial insights to support strategic decision-making.

At this stage, your management accounts should include:

• Key Performance Indicators (KPIs)

• Shareholder Loan Transactions

• Accruals and Prepayments

• Segmental or Departmental Analysis

• Profit & Loss – Actual vs. Last Year and/or Forecast

These advanced reports provide the depth and clarity needed to manage performance, track progress, and drive sustainable growth.

At Boobooks, we tailor your reports to match your evolving business needs.