Assurena Insurance Agency is an independent insurance brokerage agency that carries some of the best coverage options in the entire New USA.

Our Contacts

88 Centre Street North,
Toronto L4W 1C9
+1 (419)-507-0468
+1 (213)-345-0468

Working Hours

9.00 - 5.00
8.00 - 5.00
8.00 - 5.00
8.00 - 5.00
8.00 - 4.00


Management accounts are basically interim accounts, used to help the owners and managers of the business keep track of the business performance and helping them make informed decision based on recent financial data.

Not all businesses need management accounts. If you run a simple business where revenue and costs are consistent throughout the year compared to the previous year, cashflow is healthy and your balance sheet has no warning signs then its unlikely you need management accounts.

  • If business overheads are difficult to keep track of.
  • Or the business is going through a period of rapid expansion.
  • Or specific areas of the business need monitoring.
  • Then periodic reviews need to be carried out during the year.

In a “nutshell”, Management Accounts will allow you to stay in control of your business. Merely checking the bank balance from time-to-time, does not qualify as good financial control.

We have helped many local business in Orpington and Bromley prepare management accounts. We have also helped many business nationally with management accounts.

We can offer different service levels of management accounts to suit your needs and budget. Due to the implementation of MTD many clients now use online bookkeeping such as XERO. They effectively have access to their own management accounts. Our service offering vary from demonstrating and explaining what the reports mean to customising and preparing the reports for you as well as a regular review. For the larger, more complicated company we offer a Data Analysis services using Power Bi and XERO.


We would first need to carry out a robust review of your current financial position and the following are just some of the key areas we cover and important questions we can help answer, during the process of preparing Management Accounts.

  • Budget – a prerequisite for controlling your sales and costs. Without one, a true reflection of your financial position is difficult to ascertain. For example, are your profits on target to meet an anticipated expansion of the business, one year from now.
  • Cash Flow – even the most successful business can fail (and they do regularly) if you are unable to pay your Creditors on time. Creating a Cash flow Forecast in tandem with your budget, ensures your business is liquid and able to meet future costs.
  • Profit & Loss – detailed account of your sales and costs, compared against your budget. On the back of this, Revised Profit Forecasts can also be prepared, confirming if you are on track to meet your business goals.
  • Balance Sheet – Most small businesses look at the Profit & Loss statement regularly, but many don’t understand the importance of the balance sheet. A Balance Sheet can provide warning signs so you can solve any problems before they have a detrimental impact on your business.
  • Stock and profit margins – for many small businesses, much of their profit can be tied up in their stock. This can be dangerous, since, what proportion of the stock is old and, therefore, needs to be devalued or written off? If so, this could have a significant impact on your bottom line and jeopardise the profitability of your business. Also, are your product margins where they should be or are the margins on your best selling products lower than expected?
  • Analysis of sales and costs – carried out in conjunction with your stock profit margins to confirm if your overall gross profit margins are on track.
  • Previous year/period/budget comparisons – Are your sales up on previous years/periods but have costs increased further? Was this anticipated in the budget?
  • Debtors and Creditors – are there any bad debts you are unaware of? Can supplier payment terms be improved? Are your Creditors running dangerously high?
  • Tax planning and strategies – Review your directors loan accounts to help you avoid S455 on overdrawn loan accounts and help you plan your own personal finances to cover any Income tax on your dividend income.
  • Detection of fraud – Unfortunately, a common occurrence. Are your profit margins down, indicating possible stock shortfalls? Is a supplier Invoice outstanding, you thought was already paid?

Why not contact us today?

For more information on the above, please Contact Us or telephone on 0208 432 3419 and we will be glad to answer all of your questions. Even better, why not book your FREE Quotation today, it only takes a minute.

Just looking for an idea of costs? No problem! Visit our Request a Quote page, fill out a simple Form, then we will get back to you within 24 hours. That’s a promise! 

Live local? If you are out and about in the Orpington, Bromley, Beckenham, Chislehurst or Kent area, why not give us a quick call to confirm if we can arrange an immediate, free consultation.