Welcome to Bluestone Advisory Limited’s management accounting page. We are trusted and qualified accountants providing a valued services and close support to our clients across London, Surrey and Kent.
A frequently asked question by many small business and medium-business owners is “Why do I need management accounts?“ This article outlines the services that we offer to support your needs.
Valuable financial management for your business or charity
Having sound financial management is vital to your success. One of the best business practices to achieve this is by using management accounting. These are tailored financial reports that provide a detailed snapshot of your organisation’s performance, helping you monitor progress, meet targets and evaluate risks.
Sadly many organisations suffer or even fail because they:
- Miss or ignore important internal or external risks
- Not adjust to the ever-changing business environment
- Have poor financial management.
Monitor performance, determine risks and pursue progress.
Management accounting gives you visibility over the financial performance of your business or charity on an ongoing, regular basis. Good management accounting can help identify the financial impact of risks on your organisation on a timely basis, so that you can then put in place measures to manage them.
Our handy “What are Management accounts?” page is a great guide on the reports that the management accounting process provides to small businesses, medium-sized businesses and charities.
In many cases having an accountant involved during the statutory annual accounts process is not enough for sound financial management in an ever-changing environment. The type of business or charity that you operate may need more support and having a trusted, experienced accountant on your side will give you much more confidence in managing and operating your business or charity.
The distinctions between management accounts and statutory accounts can be confusing to many people and our “What are the differences between Management accounts and statutory financial accounts?” page offers clarity on this.
Whether you’re looking to secure funding, expand your operations, or simply stay on top of your finances, management accounts can provide the insights you need to make informed decisions.
Tailored services for your needs by qualified accountants
At Bluestone Advisory Ltd, we understand that managing your finances can be complex and overwhelming. Every organisation is different. Being able to trust and confide in your accountant is critical in getting the best out of your management accounting and for having sound financial management. This is why we will work closely with you to understand your business or charity and provide personalised solutions that fit your needs.
Trustworthy accountants that you can confide in.
Our accountants are highly experienced in helping businesses across a range of industries to put in place effective management accounting that would work for you. We work with and support our clients and can be involved as little or as much as you are comfortable with. Our qualified accountants are here to help you with everything from bookkeeping to management accounting for projects or cost value reconciliations for construction businesses.
- Our accountants have over 15 years of experience helping small and medium-sized business and charities across a wide variety of industries.
- We are experienced users of many accounting software programs, including:
- Xero
- Kashflow
- FreeAgent
- Pandle
- Sage Cloud Accounting
- Intuit QuickBooks
- Microsoft Excel
- Sage 50 Accounts.
Bluestone Advisory Ltd – local accountants for small businesses, medium-sized businesses and charities.
We provide a range of services to small or medium-sized businesses as well as charities to grow and prosper. Whether you are an established family-run construction business or an aspiring entrepreneur, our management accounts services can be relied on to support you towards achieving your business goals and/or charitable goals. We appreciate the importance of growth, progress, and aspiration, and are committed to helping you achieve your goals every step of the way.
Whether you are a small start-up or a larger established business, we offer a range of management accounts services that can be tailored to meet your specific needs.
Grow your business or charity with us!
Our reports include the following:
- Profit and loss accounts
- Balance sheets
- Cash flow forecasts
- Actual vs budgeted reports, variance reports and variance analysis
- Key performance indicators (KPI’s)
- Performance commentary
- Action plan
- Tax planning.
By partnering with us, you can rest assured that your finances are in safe hands.
Partner with Bluestone Advisory Limited as your accountants today and together lets take your business to the next level.
Bluestone Advisory Ltd – Accountants
At Bluestone Advisory Ltd, we are dedicated to delivering expert accounting solutions with a personal touch. Based in the heart of South London, we cater for small businesses, medium-sized businesses and charities across London, Surrey and Kent from a wide range of industries.
We tailor our services to meet your unique needs. Our trusted, qualified accountants with over 15 years of experience are here to help you with:
- Self-Assessment tax returns
- Partnership accounts and tax returns
- LLP accounts
- Limited company accounts
- Corporation Tax services
- Charities accounting
- Bookkeeping services
- Management accounting
- VAT compliance and advice
- Payroll services
Reach out to us a free consultation with our friendly staff today and let’s drive towards your business goals.
For local, small business accountants in London, Surrey and Kent contact us today!
Our Management Accounting Services
Management Accounts for Construction Companies
Our construction accounting services provide clear, timely management accounts tailored to the needs of contractors and construction firms.
Managing medium to long-term projects — or multiple jobs simultaneously — requires clear visibility over cash flow and accurate tracking of costs against budgets. We support construction businesses with end-to-end management reporting that enhances both internal oversight and external credibility.
Our services help you to:
- Monitor job-level costs and performance
- Review and prepare detailed job costing reports
- Work closely with surveyors and site managers to calculate job accruals, prepayments, and Work In Progress (WIP) valuations
- Track CVRs (Cost Value Reconciliations)
- Review project cash flow and maintain rolling forecasts
- Prepare full management accounts — Balance Sheet, Profit & Loss, and Cash Flow Statement
- Compare forecasted vs actual margins to inform project reviews
This enables better control over project performance, supports drawdown requests, and helps avoid funding delays.
These reports are often required by lenders, principal contractors, or funding bodies when applying for finance or managing subcontractor relationships. During the tendering process, we can also review historical job costs to determine whether a proposal is accurately priced — with sufficient margin and cash flow contingency embedded. This helps reduce the risk of sudden, unexpected cash flow problems.
Whether preparing for a quarterly bank review or assessing labour utilisation across sites, our service delivers the clarity needed to make confident, informed decisions.
Management Accounts for Charities
Our accountants for charities support charitable organisations of all sizes, especially those without in-house financial staff. Our management accounts provide clear, independent oversight for trustees, finance committees, and head office leadership.
Some charities use our monthly or quarterly reports to monitor budgets, spending against restricted funds, or performance against programme targets. Others require support for:
- External audit preparation
- Funder reporting or grant compliance
For multi-sited organisations, we can consolidate performance across branches and feed back key insights to senior staff or boards. This allows you to strengthen internal control, plan strategically, and gain assurance in your numbers.
Management Accounts for Professional Services
We support professional services businesses such as architects, lawyers, consultants, advisors, and agencies — particularly those structured with multiple partners or directors.
These businesses benefit from impartial, external reporting that supports transparency and financial confidence across stakeholders. Our qualified third-party insight helps manage drawdowns, assess partner-level profitability, and maintain clear capital accounts. Common use cases include:
- FCA Gabriel returns and financial compliance monitoring
- Partner distribution planning and reinvestment benchmarks
Our management accounts can be delivered monthly, quarterly, or ad hoc to match your firm’s operations or regulatory obligations.
Enquire about tailored reporting for your professional firm →
Management Accounts for Retailers
Our retail accounting service helps owners and managers gain better insight into what’s driving profit — and what’s holding it back.
Retail businesses often struggle to identify which product lines are most profitable, or how staffing levels and marketing costs affect margins. Our reports provide:
- Insights on best-selling and underperforming stock
- Clarity on pricing, margin analysis, and marketing impact
Where ownership is separated from day-to-day management, our reporting provides independent financial oversight into branch performance, cash flow trends, and stock strategy.
Let’s optimise your retail performance with expert insight →
Management Accounts for Projects and Job Costing
Our job costing and project management accounting supports businesses that deliver work on a project-by-project or contract basis — from consultancies and creatives to trades and logistics.
We start with your day-to-day bookkeeping to ensure records are accurate and consistent. From there, we build structured reporting that tracks:
- Labour and resource usage across jobs
- Timelines, overhead allocation, and profit margins
Our reports help revise pricing, guide resourcing, and improve visibility across project-level performance.
Management Accounts for Overseas Owners
Our accountants for overseas owners of UK businesses offer trusted, qualified financial reporting and oversight for directors managing UK operations remotely.
We serve as impartial, external advisors with strong local knowledge — ensuring clear communication with both ownership and management teams. Our reports:
- Identify risks and trends in performance and control
- Promote transparency and accountability in UK operations
Whether you operate a shop, service firm, or logistics hub, we provide assurance and insight to support confident ownership from afar.
Management Accounts for Transactions & Funding
Our interim management accounting service is designed to support businesses preparing for investment, funding applications, mergers, acquisitions, or buyouts.
We work quickly to deliver up-to-date financials that reflect your current position — cash flow, profit trends, and balance sheet health. We also provide:
- Clear documentation for due diligence and investor readiness
- Independent advice to support negotiations and financial planning
Whether you're seeking new capital, considering an exit, or exploring a strategic transaction, our service helps you move forward with clarity and confidence.
Speak to us about urgent support for transactions or funding →