Management Accounts for UK SMEs
Know your numbers every month, not once a year.
Most small businesses find out how last year went when their accountant files the annual accounts — by which point it is too late to act on anything. Monthly management accounts change that. Fixed-fee engagement, prepared by a chartered management accounting firm (FCMA, CGMA), with questions answered the day you ask them.
- Monthly P&L, balance sheet and KPI dashboard — current, not historical
- Cash-flow forecasts and scenario models ready before decisions need making
- Lender and funder-ready reports prepared without a scramble
- One fixed monthly fee covering your management information, no surprises
No long-term contract. If the engagement is not working after three months, you leave with clean, current books and nothing outstanding.
Get a free quote
Fixed pricing. Same-day reply.
What our clients say
★★★★★
Always Informed About Financial Data
"We always feel well-informed and confident about our financial processes and data. Highly recommend."
★★★★★
Savings More Than Cover The Fees
"His fees are very reasonable and the money he has saved me more than covers them."
★★★★★
Always On The End Of The Phone
"They're always on the end of the phone to advise and assist and provide a top service for our accounting needs."
★★★★★
Years Of Going Above And Beyond
"Niall and his team go above and beyond the duties to provide accounting services but also general advices."
Sound familiar?
Running a business without current numbers.
Annual accounts arrive six to nine months after the year-end. By then, the cash problem that could have been caught in March is an overdraft conversation in October. Most SMEs are making decisions on instinct — or on figures that are already three months out of date. That is a reasonable description of how most small businesses operate. It does not have to be.
- ✕ No idea whether last month was profitable until long after the fact
- ✕ Cash-flow surprises because no forecast exists to flag them in advance
- ✕ Management information too patchy to show a bank, funder or prospective buyer
What a monthly management accounts service looks like
Monthly accounts, prepared by a chartered management accounting firm, delivered promptly and built around what your business actually needs to see. The numbers are current, the format is useful, and there is someone to call when you want to understand what they are telling you.
- ✓ Monthly P&L and balance sheet prepared and delivered promptly — act on this month, not last year
- ✓ Cash-flow forecast updated regularly so surprises are largely avoidable
- ✓ Clean, structured management reports ready for banks, lenders or management review
- ✓ Fixed monthly fee — no variable invoices, no per-report charges
What SMEs say about OD's finance support
These are verified Google reviews from clients who wanted more from their accountant than an annual filing — and got it.
The service from OD has been excellent, as has their advice. It's great to have access to a financial team who can guide us with such confidence and seamlessly integrate with our internal team. We always feel well-informed and confident about our financial processes and data. Highly recommend.
My other-half introduced me to Niall at OD Accountants and I have to say my finances are so much the better for it. Unlike my previous Accountants, Niall is far more hands-on, available for advice and able to care for me as an individual, rather than a faceless client. His fees are very reasonable and the money he has saved me more than covers them. If you need an Accountant who cares, Niall and OD Chartered Management Accountants are the way to go.
What the management accounts service covers
Three core components, delivered monthly via cloud accounting software and built around the information your business actually needs to run and grow.
Monthly Accounts and KPI Dashboards
Every month you receive a profit and loss statement, balance sheet and a KPI dashboard built around the metrics that matter for your type of business. The dashboard is not a generic template — it reflects what your management team or investors actually want to see. Numbers arrive promptly, not weeks after the period closes.
Included as standardCash-Flow Forecasting and Scenario Modelling
A rolling cash-flow forecast sits alongside the management accounts so you can see where the business is heading, not just where it has been. Scenario modelling means you can test the numbers before committing — new hire, new contract, capital expenditure. Surprises are largely avoidable when a forecast is current.
Included as standardLender and Funder-Ready Reporting
Management accounts prepared to a chartered standard are structured to meet bank, funder and investor requirements without additional reformatting. If you are approaching a lender or preparing for investment, the reporting package is already in shape. Founder Niall O'Driscoll FCMA, CGMA has prepared finance-ready reporting for listed companies — the same rigour applies to your SME.
Included as standardClients across sectors, same consistent standard
From hospitality operators and internet retailers to consultants and growing start-ups — the management accounts standard does not vary by sector or client size.
Years Of Service, Always Above And Beyond
“I've been there for years and Niall and his team go above and beyond the duties to provide accounting services but also general advices. They are always available if you need anything while charging very competitive prices. I could not recommend them enough.”
Always On The Phone, Top Service
“Niall and his team are supportive, clear and directional accountants who have supported our small business staff up. They're always on the end of the phone to advise and assist and provide a top service for our accounting needs. Plus they're just nice people which helps too!!”
Always Available To Meet Our Needs
“As a new start up and having never dealt with an accountant, Niall at OD Accountants has been very welcoming and supportive. All our prior queries and issues have been resolved, and he is always available to meet the needs of our team.”
What makes this different from a standard accountant
Most accountants file your annual accounts and deal with tax. Management accounts are a different discipline — and not every practice is built for it.
Chartered Management Accounting, Not Just Compliance
OD Accountants was founded as a management accounting firm, not a compliance practice that added advisory services later. Founder Niall O'Driscoll FCMA, CGMA spent 10+ years as a freelance accountant specialising in restructures and turnarounds — including listed UK and overseas companies. That depth of commercial finance experience is what goes into every set of management accounts.
Live Numbers, Not Month-Old Spreadsheets
Cloud-first workflows mean the underlying data is current before the monthly close even starts. Xero and best-of-breed SaaS integrations replace the manual data-entry bottleneck that makes management accounts late at traditional firms. Your KPI dashboard reflects this month, not the one before last.
FD-Level Input Available When You Need It
The management accounts service can sit alongside a virtual finance director engagement for clients who want a more hands-on commercial relationship. That means someone who already knows your numbers can weigh in on a pricing decision, a funding conversation or a restructure — without needing to be briefed from scratch every time.
Up and running in four straightforward steps
The onboarding process is designed to be low-effort on your side. Most clients are receiving their first set of management accounts within a few weeks of the initial call.
Book a discovery call
A 20-30 minute call to understand your business, your current reporting setup and what the management accounts need to show. No preparation required on your side — bring the questions, not a briefing document.
We review your current setup
The team reviews your existing bookkeeping, chart of accounts and any reporting you already have. If the underlying data needs tidying before meaningful management accounts can be produced, that is flagged clearly — with a fixed catch-up cost, not an open-ended bill.
First accounts delivered
The first set of management accounts is prepared, reviewed with you and adjusted to reflect what your business actually needs to see. KPI definitions, reporting format and delivery schedule are agreed at this stage.
Monthly rhythm, no chasing
From month two onwards, management accounts and the KPI dashboard arrive on a predictable schedule. You know what the business made, where cash is heading and what the numbers are telling you — without having to ask anyone to chase anything.
“Been with OD Accountants for over a year now. Niall and the team are brilliant. They helped me set up a company and get everything I needed in place to run my business. I'm a tricky client due to my 'digital nomad' status, but their advice…”
What people ask before getting started
What exactly is included in a monthly management accounts service?
At a minimum: a profit and loss statement, a balance sheet and a commentary on the period. Most clients also receive a KPI dashboard tailored to their business and a rolling cash-flow forecast. The precise package is agreed during onboarding — there is no standard template that gets sent to everyone regardless of sector or size.
What does management accounts reporting cost?
Fees are fixed monthly and agreed in advance, so there are no variable invoices depending on how complex a given month turns out to be. The cost depends on the size and complexity of the business, the volume of transactions and the reporting depth required. Clients consistently describe the fees as competitive relative to the savings and commercial input the service generates. A fixed-fee quote is provided after the discovery call.
My books are behind — can you still get management accounts set up?
Yes, and it is a fairly common starting point. The team will review the current state of the bookkeeping and provide a clear catch-up cost before any work begins. Catch-up is scoped as a fixed piece of work, not billed by the hour. Once the books are current, the monthly management accounts service begins on a clean foundation.
Is there a minimum contract or long-term lock-in?
No long-term contract is required. The engagement runs month to month. If it is not working for any reason, you give notice, the books are handed over in good order and nothing further is owed. The retention record — with multiple clients holding 7, 10 and 11-plus year relationships visible in verified Google reviews — reflects the quality of the service rather than contractual obligation.
Can you build KPI dashboards specific to our industry?
Yes. The dashboard is not a generic spreadsheet exported from the accounting software. It is built around the metrics that actually drive decisions in your type of business — whether that is gross margin by product line, revenue per head, stock turn, debtor days or something more sector-specific. The initial setup is part of the onboarding process, and the dashboard evolves as the business does.
Will management accounts help if we are approaching a bank or raising funding?
Management accounts prepared to a chartered standard are structured in a format that lenders, banks and investors recognise and can work with directly. There is no need to reformat or restate figures before a funding conversation. Founder Niall O'Driscoll has prepared finance-ready reporting packages for listed companies and SMEs going through fundraising, acquisition and restructuring — that background informs how the reports are built from the outset.
Related resources and services
Stop finding out how last year went a year too late.
Monthly management accounts, KPI dashboards and cash-flow forecasts — delivered on a fixed fee by a chartered management accounting firm. London and Somerset offices, cloud delivery anywhere in the UK.