Management accounts are often very useful for both developing businesses and established businesses. They can serve to help you keep your finger on the pulse of your business as well as providing early warnings of either problems or potential tax bills.
Management accounts can be provided at any interval such as monthly, quarterly etc. and would normally encompass your trading activities for the designated period (unless you have other specific requirements). The cost of us preparing management accounts for you is minimised if we are preparing your end of year accounts as we take a constructive approach in that we ensure that we do not duplicate any work we do to avoid any unwanted additional fees being incurred.
Additionally, having prepared a management account for you, we routinely pro-actively examine the account (from an accounting perspective) and will alert you to any problems we envisage might occur (such as a hefty tax bill, gross profit rate dropping etc.) – Forewarned is forearmed.