Updating Management Accounting


Ecological consultancy based in Bath

  • Inaccurate and inconsistent management accounts, slow response from existing accountant and no strategic guidance/advice
Actions Taken
  • New bookkeeper installed to reconcile balance sheet accounts on monthly basis
  • External accountant removed and replaced with alternative reliable practice
  • Revised chart of accounts in Sage to ensure company & divisional profitability easy to monitor
  • Transferred from Sage to Xero
  • Set up budgets and profit forecasts that linked into balance sheet and cashflow forecasts
  • Made directors aware of ongoing cashflow situation with weekly reconciliations and forecasts
  • Increased accuracy
  • Increased awareness of cash situation
  • Quick turn around of year end accounts
  • Reduced price for external accountants and provision of year end file with relevant information
  • Working with directors to explore new job costing system to give better understanding of clinet and job profitability

Contact Us

By sending us a message using this form you consent to Spencer Accounting replying to you for the purposes of addressing its content via email, and by phone if you've provided one.

27 Little Normans, Longlevens, Gloucester GL2 0EH
01452 537599 / 07771 874022

105-107 Bath Road, Cheltenham, Gloucestershire, GL53 7LE
01242 633100 / 07771 874022


© 2019 Spencer Accounting. All right reserved. Company Reg No. 4834171. CIMA members are trusted professionals. As a CIMA member working in practice Colin Spencer is bound by its Charter, Byelaws and Regulations, a Code of Ethics, maintaining competency through continued professional development and are supervised for anti-money laundering compliance.

Privacy Policy   /   Website by stu-art design