Friend provide a variety of financial reporting services, ranging from the preparation of statutory and monthly management accounts to IFRS conversions.
Preparation of statutory accounts
Many smaller businesses are not required to submit audited financial statements each year. We can assist with the production of unaudited statutory accounts for submission to Companies House, helping to:
- remove the administrative burden from your staff.
- ensure that the financial figures you present are correct.
- only report information to Companies House which is legally required.
- help you to present the right level of information to other third parties.
Ethical Standards mean that auditors of Listed Companes are often unable to provide accounting advice to their audit clients, and are therefore unable to assist with conversions of UK GAAP accounts to International Financial Reporting Standards.
You may find that your accounting team does not have the spare time or perhaps the skills to create these IFRS compliant accounts and that you need some outside assistance.
We have considerable experience in converting accounts to IFRS, consolidating group results and assisting when companies are undertaking a stock market transaction.
Monthly management accounts are an extremely useful tool in helping business owners and stakeholders to monitor performance and react quickly to positive or adverse changes. We can assist with all aspects of monthly reporting.
For many of our clients, we assume the role of a management accountant. Our detailed review of the accounting entries within each month, calculating month end adjustments such as accruals and prepayments and analysing key performance indicators provides accurate monthly financials to enable our clients to make more informed strategic decisions, all without the expense of employing a full-time accountant within the business.
We are also happy to assume a more removed role, either to perform high-level reviews of the monthly accounts or one-off involvement in the creation of a bespoke management accounts reporting pack.
Our monthly management accounts pack is designed to enable your accounting staff to easily import monthly figures from Sage or other commonly used accounting packages with minimal effort.