I have been asked to prepare some management accounts for one of my clients so that they can present them to their bank manager.
I have been completing their book-keeping to date on Sage and have found that there are P & L and Balance Sheet reports built into the program, however when I printed these off for the client they stated that they need a more detailed summary for the bank manager.
I have considered copying the figures from Sage into Excel to overcome this problem but just wandered if anybody else has had this problem before and how they resolved it.
Does anybody have a template that they use that we could share amongst all of us loyal members.
I remember reading something a while ago before I was a member here that there would be a download/resource centre set-up, anybody know if this is going to happen and is so, when? Should I have posted this into a suggestions area, hopefully the powers that be will deliver an update.
I have developed a great reporting tool with a live link to Sage 50. If you want to see a 25 page report created in Microsoft Excel with a live link to your Sage data in under 30 seconds, send me an email.
Really easy to use - just 3 buttons to press in Excel. Free 7 day trial available to all book-keepers.org members
Includes all reports clients, accountants and banks want to see including monthly, year to date, graphs, charts, variance reports.
Management accounts & reporting is more than pressing a button in the sotware, be sure you know what you are doing. The bank will likely make judgements on the performance of the business (and maybe yourself) based on what the management accounts tell them.
