Timely prepared detailed management reports will not only allow you to monitor your cash flow, but also observe trends of the business and seek additional capital injections as and when required. Based on accurate forecasts Business can take commercial funding’s with the banks or any financial institutions.
Management Accounts become milestones for the business. They allow you to make sure that your Business is on the right track & on line with your anticipated / projected sales / income / expenditure / profits. They also allow Management to take decisions to get back on track and / or stay on track.