Management accounts and virtual FD support give growing company owners current monthly numbers and Crosby’s opinion. See what a hire or premises will cost before signing.
The monthly report matters when it answers the question on your desk. Can the company afford the next salary, lease or site without leaving tax and payroll short?
Egbenn Accountancy provides management accounts and virtual FD support for owner-managed limited companies across Hertfordshire and London. The ACCA registered practice charges a fixed monthly fee agreed in advance, with Crosby Enninful reviewing reports and modelling the next hire or premises before the owner commits.
See salary, PAYE, pension and employer National Insurance against the cash available.
See rent, staffing, VAT and tax together before the company commits.
Keep a monthly estimate beside payroll and other bills.
Growth decisions become expensive when the answer arrives after the commitment.
“I signed for the larger unit because sales were rising, then payroll and the deposit landed together.”
The lease fixed the cost before anyone tested the company’s cash.
“I budgeted for the wage, but nobody included employer National Insurance, pension and the timing of payroll.”
The new salary took more cash each month than the owner had allowed.
“The year-end accounts showed a profit, but the corporation tax figure arrived after I had spent the cash.”
The company had grown, yet the tax money was already committed elsewhere.
What changes once the advice is in the room
Current management accounts show what changed and why. Crosby models the decision against cash, payroll, VAT and tax. You can then commit with the full monthly cost in front of you.
Answer these questions about the accountant looking after the business today.
Question 1 of 3
Could they tell you today what this year’s corporation tax bill is likely to be?
Could they show the full monthly cost of your next hire before an offer goes out?
Could they test larger premises against cash, payroll and VAT before you sign?
Those unanswered questions can turn growth into a cash problem. The free growth review will show which answer is missing first.
Much of the groundwork is there, but one decision still lacks a current answer. The salon example below shows why that check matters before signing.
Your accountant is covering the decisions that management reporting should support. Read the guides if you want to check the detail behind those answers.
The timing of the work decides whether it can change the decision.
The result arrives after the decisions.
Tax is confirmed once the options have narrowed.
Hiring is judged from the bank balance.
Contact follows a deadline.
Reports explain the latest month.
Tax is estimated while action remains possible.
Hiring and premises are modelled first.
Crosby discusses the decision with you.
Useful reporting starts with complete transactions and a specific question to answer.
Are bookkeeping and bank balances current?
Yes means the report starts from complete transactions.
Is VAT included in the cash plan?
Yes means the return will not distort the decision.
Are payroll and pension costs included?
Yes means a hire is costed beyond the salary.
Is corporation tax estimated during the year?
Yes means the tax cash stays in the plan.
Are overdue customer invoices shown?
Yes means reported sales are tested against cash collected.
Can you see which work makes money?
Yes means growth can be judged by margin.
Is the next commitment written down?
Yes gives the report a decision to answer.
Can you speak to the person reviewing it?
Yes means the commentary can lead to action.
The report, the forecast and the conversation work together.
Sales, costs, cash and tax are reviewed with commentary on what changed.
See my recommendationA hire, vehicle or premises is tested before the company commits.
See my recommendationCrosby reviews the reports and gives his opinion when a decision appears.
See my recommendationThese owners needed reporting that matched the way their businesses had grown.
Premises and extra staff were costed before the lease was signed. Payroll and pension duties then ran for the new team.
The salon moved into larger premises, grew the team and launched a training business alongside it.
Both owners receive reporting that reflects how their businesses actually operate.VAT and payroll run across the sites. Reporting shows what each garage makes.
Each garage operates through a stable limited company, with reporting kept in step across the group.
Clients described by type. Names withheld.
The first cycle turns historic accounts into a monthly decision routine.
Crosby reviews the last accounts, current records and the commitment being considered.
Bookkeeping, VAT and payroll are brought to the same reporting date.
The hire, vehicle or premises is tested against cash and tax.
Commentary tracks what changed, with Crosby available when the next commitment appears.
The business is a side project alongside a full-time job.
The company is a short-life contractor or freelancer vehicle.
The enquiry is only about finding the lowest price.
The owner wants income or expenses reported that are not real.
If the business is established and growing, the free growth review will show whether the support fits.
The agreed fee covers the reporting and advice set out before work starts. That can include monthly or quarterly management accounts, commentary, forecasts and modelling for a hire, vehicle or premises. Egbenn can also include bookkeeping, VAT, payroll and corporation tax when these are part of the agreed service.
Yes. Many owners contact Egbenn because their current accountant files the accounts and rarely discusses decisions during the year. The free growth review checks the present arrangement, current records and upcoming plans. The owner can then decide whether changing accountant would improve the support around those decisions.
No automatic software move is required. Crosby first checks how the bookkeeping, bank feeds, VAT and payroll are being handled now. If the current setup can support timely monthly reporting, it can stay. Any change is discussed before work starts, alongside the records needed from the outgoing accountant.
Egbenn writes to the current accountant for professional clearance and requests the accounting records. The firm then checks filing dates, brings the books up to date and agrees any catch-up work first. The handover is planned around live deadlines so no return is missed during the move.
Management accounts explain what happened during the latest month or quarter, including sales, costs, profit, cash and tax. Virtual FD support applies those reports to a decision. Crosby can model a hire, vehicle or premises, discuss the trade-offs and keep the plan under review as the actual results arrive.
Monthly reporting suits businesses making regular hiring, pricing or premises decisions. Quarterly reporting may suit an owner whose costs and workload change less often. Crosby recommends the rhythm after reviewing the business, its records and the decisions ahead. The scope and fixed monthly fee are agreed before work starts.
Answer a few quick questions for a personalised recommendation and, if there is a fit, the free growth review.
See my recommendationUse the contact page to ask about the decision facing the business.
Ask Crosby a questionRead the guides to see how tax, hiring and switching accountants are handled.
Read the guides