2 min read
Definition
Management accounts are internal financial reports — typically a profit and loss, balance sheet and cash summary — produced monthly or quarterly to show how a business is performing now, rather than a year ago.
In plain terms
They are your live dashboard: not the formal filed accounts, but frequent, up-to-date figures for running the business and answering a lender's questions.
Why it matters for your company
Recent management accounts are what a lender wants when assessing current performance, and what a director needs to steer. Producing them regularly — see the guide — is a hallmark of a well-run company.
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