Management accounting setup and audit — numbers you can trust
About the service
When reports are compiled manually in dozens of Excel files, month-end closing drags on, and figures don’t match the accounting data, management becomes risky guesswork. Business owners and CFOs can’t see the real profitability by products and channels, can’t tell where margin and working capital are leaking, or how prices, discounts, exchange rates, and taxes affect results. Entering the EU market adds complexity — multi-currency operations, VAT, and banking/investor reporting requirements. Without a well-structured management accounting system, strategy doesn’t translate into numbers, and decisions come too late.
The result — a unified methodology, clear rules, a fast closing cycle, and P&L / Balance Sheet / Cash Flow reports in the required breakdowns: product, channel, region, project, client. What we do:
Questions and answers
unanswered?
No. First come methodology and processes; automation speeds up the work but never replaces rules and accountability.
Financial accounting ensures compliance with laws and reporting to authorities; management accounting focuses on decisions and business economics in relevant dimensions.
After the audit, you’ll already have a red-flag review and a “quick wins” plan (e.g., correct overhead allocation, intercompany reconciliation, unified reference data).
Yes. We account for VAT, multi-currency operations, and banking/investor requirements, preparing reports in a format recognized in both jurisdictions.
Other services
Building and auditing a management accounting system means creating a unified methodology, policies, and reporting framework that provides owners and management with timely and accurate information for decision-making.
Management accounting differs from financial accounting: it answers the question “how we earn and where we lose” across relevant dimensions (products, channels, regions, projects, clients) and links strategy to daily numbers.
What management accounting setup includes
- Methodology and policy: chart of accounts and analytics, income/expense item directories, revenue recognition and cost write-off rules, cost allocation methods (direct/absorption, ABC/ABB, standard cost), indirect cost distribution, profit/cost centers.
- Management reporting package: P&L, Balance Sheet, Cash Flow, plan-vs-actual reports, KPI catalog (GP, EBITDA, ROCE, DSO/DPO/DOH), margin and working capital dashboards.
- Processes and data quality control: closing calendar (R2R), reconciliation rules with statutory accounting, intercompany procedures, FX revaluation policies, correction and adjustment policies.
- Integration with budgeting and treasury: linkage to P&L/CF/BS budgets, payment calendar and limits, unified drivers and reference data.
- Automation readiness: ERP/BI requirements, data model, and upload templates.
What a management accounting audit checks
- Compliance of methodology with business goals and best practices.
- Accuracy of allocations and calculations, logic of drivers and analytics.
- Consistency of management data with statutory/tax reporting (incl. IFRS bridge).
- Data completeness and quality, process stability, and accountability of teams.