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START-UP AND SME RESOURCES
Typically, management accounts include a review of turnover, cost of sales, overheads and profits as well as key cash flow information.
Management accounts give you the information you need to run your business effectively and make informed decisions. Where to start.
Understanding the basics of financial management gives you an informed view about the company’s performance, and allows you to play a strategic role.
To make good management decisions, you need clear information on how your business is performing. How to identify and monitor key business drivers.
Emma Warren of business development services provider Portfolio Directors explains how key performance indicators can help small businesses.
Key performance indicators can help you measure how your business is performing in particular areas, so that you can track and improve this over time.