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Management accounts and cash flow before you hire or change prices

Management accounts and cash flow give professional services companies over £100k turnover a current view of sales, costs, tax and cash.

A busy month can make a hire or dividend look affordable. The unanswered question is what remains after tax, payroll and delayed client payments.

A hire is being consideredPrices have not been reviewed
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Fiscal Umbrella provides management accounts and cash flow advice for growing professional services limited companies in Luton and remotely across the UK. Fees are fixed in writing. Fasih Khan ACCA also checks director pay, including an employment allowance many single-director companies miss.

5.0
Verified Google reviewsRead them
I was stuck with my R&D claim, but Fiscal Umbrella helped me navigate it smoothly. They're professional, efficient, and truly know their stuff.… Cartel Media
Management accounts and cash flow: example monthly compliance tracker Professional services

The hire looks affordable until the tax date arrives

5.0 · Fasih, ACCACheck if you fit
  • Fasih Khan ACCA
  • Fixed fees in writing
  • Luton office
  • UK-wide remote

What changes before the next big decision

01

Price work against current costs

See whether a new contract still pays after staff time, software and overheads.

02

Test a hire before committing

Place payroll, tax and expected client receipts on the same timeline.

03

Plan dividends around the year end

Check company profit, available cash and director pay before taking money out.

Where decisions go wrong between year ends

Old accounts can make a current commitment look safer than it is.

  • Pricing

    “I priced the next contract from last year’s costs, then found the extra work barely covered the team.”

    The contract used staff time that could have gone to better work.

  • Hire

    “I hired after a strong quarter, then the corporation tax payment and late invoices hit together.”

    Payroll still had to be paid while client money remained outstanding.

  • Dividends

    “I took a dividend because the bank balance looked healthy, without checking the year-end position first.”

    The withdrawal left less cash for tax and the next payroll run.

  • Day 90

    What changes once the advice is in the room

    Current sales, costs and cash are reviewed before the decision. Fasih tests what happens when payment dates move. The choice can then reflect tax, payroll and the work already promised.

Quick check · no email

If your accountant cannot test a hire, forecast tax and check whether your pricing holds up, you have the wrong accountant

Answer these questions about the advice your current accountant provides.

Question 1 of 3

Could they tell you this week what a new hire would do to cash?

What year-end accounts leave unresolved between decisions

Year-end accounts complete an essential job after the period has closed.

Year-end accounts

They report on a period that has already ended.

They support corporation tax and filing requirements.

They confirm what the company earned and spent.

They rarely test a decision being made today.

Management accounts and cash flow

They track current sales, costs and cash.

They place upcoming tax and payroll into the decision.

They test hiring, pricing and investment before commitment.

They give Fasih something current to advise from.

What needs to be ready before reporting helps

Eight checks show whether the company can use management accounts well.

  • 01

    Are sales and costs posted regularly?

    Late bookkeeping makes each management account less useful.

  • 02

    Are unpaid client invoices easy to identify?

    Expected receipts need realistic dates.

  • 03

    Are payroll costs included before hiring decisions?

    Salary alone does not show the full cash commitment.

  • 04

    Are prices checked against current delivery costs?

    Old margins can hide work that no longer pays.

  • 05

    Are tax payments included in the cash forecast?

    The bank balance must still cover known liabilities.

  • 06

    Can a late invoice be tested before spending?

    A forecast should show what moves when payment is delayed.

  • 07

    Is the year-end tax position estimated during the year?

    Directors can plan withdrawals before the deadline.

  • 08

    Has director pay been reviewed recently?

    Salary, dividends and payroll should reflect the current company.

What sits behind each useful management account

The reporting has to answer the decision rather than fill another folder.

Current period

Management accounts tied to current trading

Sales, staff costs and overheads are arranged around how the company earns its fees.

Next decision

Cash flow tested against commitments

Expected receipts sit beside payroll, tax and planned spending.

Director pay

Advice on what the company can support

Fasih reviews hiring, pricing, investment and withdrawals before the owner commits.

All Services →

Entry 01

What one payroll check brought into reach

A pay review can change more than the next management account.

Figure£10,500most single-director companies miss
Found byA review of who was on payroll and how the director was paid.
ResultAdding a family member to payroll puts the allowance back in reach and leads into a salary and dividend review.
AlsoFasih also works as a fractional CFO and non-executive director, so his advice starts with the decision facing the owner.
Entry 02SEIS assurancefor Fasih’s own software company
Found byFasih handled the advance assurance before the company raised.
ResultThe company then attracted investors.

What clients say

I was stuck with my R&D claim, but Fiscal Umbrella helped me navigate it smoothly. They're professional, efficient, and truly know their stuff. Highly recommended
Cartel Media · Google review · a year ago
Excellent service! The team is professional, responsive, and always helpful. My payments are always on time, and they make everything easy to understand. Highly recommend Fiscal Umbrella Accountants!
faisal jalal · Google review · a year ago
The team at Fiscal Umbrella has been amazing—professional, efficient, and always supportive. I trust them completely with my finances. Highly recommend!
Muskan Mattu · Google review · a year ago

How the first reporting cycle takes shape

Each stage moves from old information towards a decision the company can act on.

Before day one

The decision is defined

We agree what needs testing, when the commitment falls due and what information already exists.

Day 30

Current performance is assembled

Sales, staff costs, overheads, tax and available cash are brought into one reporting cycle.

Day 60

The alternatives are tested

Fasih reviews how later client payments or higher costs would affect the decision.

Day 90

Reporting follows the decisions

The next cycle focuses on the commitments, margins and payment dates that now matter.

Where management accounts may not fit yet

The business is not a limited company or is below £100k turnover.

The company is a corner shop, takeaway, transport, haulage, courier or taxi business.

The owner needs fees deferred or is choosing only on the lowest price.

The company will not use the bookkeeping or payroll software needed for regular reporting.

The set-up review confirms fit before any scope or fixed fee is agreed.

Questions directors ask before management accounts start

What do management accounts and cash flow services include each month?

Your scope can cover regular management accounts, cash flow forecasts, tax planning and a meeting with Fasih about current decisions. Budgeting, forecasting and scenario modelling can be supported by Abdur Mohid, a partner with more than 14 years in FP&A and financial modelling. The exact work depends on your company, reporting needs and software. Everything is set out in a fixed fee in writing before work starts.

Can we use Fiscal Umbrella if we already have an accountant?

You can use the set-up review before deciding whether to switch. We look at what your current accountant provides and where decisions are being made without current information. If Fiscal Umbrella fits, we then agree the scope and handle the handover.

Do we have to move accounting software for management accounts?

We review the software you already use before recommending a change. Fiscal Umbrella supports Xero and QuickBooks, with setup, mapping and training available. A move is recommended only when the present system cannot produce dependable management accounts or makes regular reporting impractical.

What happens with our current accountant if we switch?

Fiscal Umbrella contacts your current accountant, requests the accounts and tax information, and deals with professional clearance. The handover is planned around filing dates so VAT, payroll and year-end work remain covered. You do not need to manage messages between the two firms.

How often should a professional services company prepare management accounts?

The right rhythm depends on how often you make pricing, hiring or investment decisions. Regular monthly reporting is usually the useful starting point for a growing professional services company. Fasih agrees the reporting timetable and meeting schedule with you in writing.

How does a cash flow forecast help with hiring and pricing?

A cash flow forecast places expected client receipts, payroll, tax and planned spending on the same timeline. That lets Fasih test whether a hire, dividend or investment still works if an invoice arrives late. The decision is then based on timing as well as profit.