Turn your clients' numbers into a story they can understand
A Profit & Loss tells you what happened. A Balance Sheet tells you where things stand. Management reporting helps explain what is changing, and where attention may be needed. We prepare clear, practical management accounts and reports for Australian CPA and bookkeeping practices, bringing financial performance, cash flow, budgets and key business metrics together in one place. Your accountants get the information they need to review performance and have more meaningful conversations with clients, without spending hours building reports themselves. Less time preparing reports. More time creating value from them.
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Bookkeeping servicesManagement accounts and reporting
Reports that go beyond the Profit & Loss
A useful management report shouldn't overwhelm a business owner with pages of numbers. It should make the important things easy to see. Depending on the client's requirements, we can prepare reporting around the following, with the reporting pack tailored to what actually matters to the business rather than using the same template for every client.
- Profit & Loss and performance trends
- Balance Sheet movements
- Revenue and gross margin
- Operating expenses
- Cash flow and cash position
- Budget vs actual performance
- Prior period comparisons
- Key Performance Indicators (KPIs) and KPI reporting
- Accounts receivable and payable
- Department, location or project performance
- Business specific metrics
What changed? And why?
This is where management reporting becomes more useful than simply sending financial statements. We can highlight significant movements and variances within the agreed reporting scope, helping your team quickly identify areas that may deserve further attention. The objective is not to tell your client what decision to make. It's to make the important information easier for your accountant to see, review and discuss.
- Revenue increased, but did margin improve?
- Expenses are higher, which areas contributed to the increase?
- Profit looks healthy, but is cash actually improving?
- Debtors are growing, what is happening to outstanding receivables?
- Actual results are below budget, where is the biggest variance?
Management reporting that fits the client
Different businesses measure success differently. A professional services firm may focus on revenue per employee and utilisation. A retailer may care about sales, gross margin and inventory. A construction business may need project profitability and job performance. A growing business may be more focused on cash flow, working capital and monthly trends. We can structure reports around the KPIs and performance measures relevant to each client's business, using the information available in their accounting records.
Monthly reporting without the monthly scramble
Preparing monthly management accounts every month can involve more than simply exporting a Profit & Loss. Our team can take care of the report preparation and supporting work, giving your accountants a consistent starting point for their review. So when the monthly meeting comes around, your team isn't starting from a blank spreadsheet.
- Ensure the bookkeeping is up to date
- Check relevant reconciliations
- Gather the required data
- Prepare reports
- Compare periods or budgets
- Identify significant movements
- Format the reporting pack
- Prepare supporting schedules
- Highlight items for review
Built around your practice
Your firm may already have its own reporting templates, KPIs and preferred presentation style. That's fine. Our team becomes part of the reporting workflow without changing the way your practice wants to work. We can work with your existing:
- Reporting templates
- Chart of accounts
- KPI definitions
- Budget and forecast structures
- Monthly reporting checklists
- Review procedures
- Client specific requirements
From data to decision ready information
Our role is to make the reporting process easier for your practice. Your team remains responsible for the professional review, interpretation and client advice. What happened? Why did it happen? What should we look at next?
- We prepare the information.
- Your team reviews the numbers.
- Your accountants add the expertise.
Reporting tools we work with
Our team can work with commonly used accounting and reporting platforms, including Xero, MYOB, QuickBooks, Excel, Power BI and Spotlight Reporting, and other systems used by your practice.
Why CPA and bookkeeping practices outsource management reporting
Management reporting and financial reporting services can be valuable to clients but time consuming for accountants to produce consistently. Outsourcing the preparation can help your practice in the following ways. You don't need more reports. You need reports that are easier to use.
- Deliver consistent monthly reporting
- Reduce internal report preparation time
- Provide more structured information to clients
- Support recurring advisory conversations
- Scale reporting across more client files
- Free qualified accountants from spreadsheet heavy work
Make your monthly reporting easier
Give your accountants a reporting team behind them. We handle the preparation. Your team reviews the numbers. Your clients get a clearer picture of their business.
What you send
- Ledger access
- Budget and KPI definitions
- Your report template or ours
- Close calendar
What you get back
- Monthly management pack
- Completed close checklist
- KPI dashboard
- Commentary prompts for your adviser
Frequently asked questions
What is management reporting?
Management reporting, sometimes called management accounts, provides regular financial and business information to help business owners and management understand performance, trends, cash flow and key business metrics.
What can be included in a management report?
Depending on the client, reports can include Profit & Loss, Balance Sheet, cash flow, budget vs actual, KPIs, trend analysis, variance reporting and supporting schedules.
Can you prepare monthly management reports?
Yes. We can prepare monthly, quarterly or other recurring reporting packs based on your firm's requirements.
Can management reports be customised for each client?
Yes. Reports can be structured around the client's industry, business model, KPIs, departments, locations or projects.
Can you prepare budget vs actual reports?
Yes. We can compare actual financial performance against budgets or forecasts and highlight significant variances for your team's review.
Can you prepare reports using our existing template?
Yes. We can work with your firm's existing reporting formats, templates and procedures.
Do you provide financial advice to the client?
Our role is to prepare and support the reporting process. Your Australian accounting team retains responsibility for professional interpretation, advice and client discussions.
Let's add capacity to your practice
Tell us a little about your practice and a senior team member will reach out within one business day.