In business we often engage in financial accounting as it is required by law (for tax purposes). However, management accounting is accounting for the internal management team of a business. This means that it is often more useful to managers/business owners. This is because management accounting data can be used for strategic purposes rather than reporting purposes. As a result, we are able to design and build workbooks tailored to your accountancy requirements. For example, your business may have internal processes that require a reporting system associated with certain cost elements that may not be relevant as a separate report for financial accounting purposes. For more information on how Jaki & Son Ltd can assist you with your management accounting needs, please contact us for a free consultation.