You cannot price a job or hire someone on last year’s accounts. You need this month’s numbers.
Nasir Rasheed, Director
Management accounts and cash flow for directors making hiring, pricing and investment decisions
Management accounts and cash flow turn your bookkeeping into monthly figures you can act on: margin, cash position and what is genuinely spare, for established limited companies in Milton Keynes and across the UK.
Most owners judge a hire or a price rise on the bank balance. That balance holds VAT and corporation tax that were never yours. There is a version of your numbers that shows what is actually left, and it is usually available months before anyone asks for it.
Nexus Tax and Accounting Solutions is a Milton Keynes accountancy practice run by Nasir Rasheed MAAT AATQB. It produces management accounts and cash flow figures for established limited companies as part of one monthly fee covering accounts, corporation tax, VAT, payroll and planning, with a corporation tax forecast given a month before the bill lands.
Accredited and certified
- Nasir Rasheed MAAT AATQB
- Established 2024
- Three new clients a month
- Milton Keynes · UK-wide remote
What you get with monthly management accounts
Know your margin before you set a price
Monthly figures show what contracts and jobs actually leave you, so a price change is a decision made on evidence.
Know what cash is spare before you hire
The forecast separates VAT and corporation tax from money you can commit to a salary or a van.
Know the tax bill a month before it lands
Corporation tax and dividend headroom are forecast before your year end, so the money is set aside in time.
The decisions owners make on a bank balance
Three things I hear from directors who only see their figures nine months after the year end.
- Hire
“I took on a second estimator in March because the account looked healthy. The VAT bill in April took most of it straight back.”
The balance was never his to spend. A quarter of VAT and a corporation tax bill were sitting inside it.
- Pricing
“Turnover was up by a third and there was nothing left at the end. Nobody could tell me which contracts made money.”
Without monthly figures by job, the work that loses money gets repeated for another twelve months.
- Tax bill
“I was told the corporation tax figure the week it was due. I had to move money about to cover it.”
That number was visible in the books months earlier. Nobody ran the forecast.
- Day 90
What changes once the advice is in the room
The books get a routine, so the figures are current when a decision comes up. Each month you see margin, cash and the tax being built up behind it. The hire, the price rise and the dividend then get decided on numbers instead of a feeling.
Quick check · no email
If your accountant can’t tell you this month’s margin, what your corporation tax bill will be before it lands, and get back to you this week, you have the wrong accountant
Answer three questions about the accountant you have now.
Question 1 of 3
Could they tell you this week what margin you made last month?
Could they show you how much cash is spare once VAT and corporation tax are set aside?
Could they give you a corporation tax and dividend forecast before your year end?
You are running a company of this size on figures that arrive far too late. The set-up review is where that gets fixed, starting with the books and the forecast.
The compliance side is probably fine and the decisions are the gap. Look at the second entry below: one VAT scheme change found in a review changed a consultant’s bill every quarter.
You are well served and there is no reason to move. The guides are there if you want to sense check the forecast you already get.
Year-end accounts and management accounts do different jobs
Both are useful. Only one of them is any help in March when you are deciding on a hire.
Year-end accounts only
Filed accurately and on time for Companies House and HMRC.
Figures describe a year that finished months ago.
The corporation tax number arrives after every decision is made.
Fine for a company where nothing much changes.
Management accounts with Nexus
Monthly margin and cash, from books kept current.
Cash forecast with VAT and corporation tax held back.
Corporation tax and dividend headroom forecast before the year end.
Built for owners hiring, pricing and investing during the year.
Eight questions about the numbers you run on
Answer these about your own company before your next big decision.
- 01
Do you know last month’s margin?
If the answer is the year-end accounts, you are working from history.
- 02
Do you know what cash is spare after tax?
The bank balance holds VAT and corporation tax that belong to HMRC.
- 03
Do you know which contracts make money?
Turnover by customer is common. Margin by customer is what matters.
- 04
Do you know your corporation tax position now?
It should be forecast before the year end, not announced afterwards.
- 05
Do you know your dividend headroom?
Taking more than reserves allow creates a problem that lasts years.
- 06
Are your books reconciled this month?
Figures from unreconciled books are not worth deciding on.
- 07
Has anyone checked your VAT scheme?
The scheme you registered on is often not the one that suits your costs.
- 08
Can you get an answer within the week?
Advice that arrives after the decision is not advice.
What sits around the monthly figures
Management accounts work because the compliance underneath them is kept current.
Bookkeeping on a routine
Records reconciled through the year so the numbers are ready when a decision comes up.
Forecast with tax held back
VAT and corporation tax separated from spare cash before you commit to a hire or an asset.
Tax and dividend forecasting
Corporation tax and dividend headroom projected before the year end, included in the monthly fee.
Entry 01
What happens when the numbers arrive before the decision does
Two entries from the practice, described by type rather than by name.
Clients described by type. Names withheld.
What clients say
How the monthly figures start arriving
Four stages from joining to making decisions on current numbers.
You know what your set-up is costing
Nasir reviews structure, VAT scheme, salary and dividends and software, and tells you what should change.
The books reconcile and stay current
Bookkeeping gets a routine, so a question in week three has an answer in week three.
You see margin and real spare cash
Monthly figures show what the work leaves you once VAT and corporation tax are held back.
You decide hires and dividends on a forecast
Corporation tax and dividend headroom are projected forward, with a check-in to flag anything early.
Who this is not for
Start-ups in year one or two, where there is not yet a trading pattern to read.
Sole traders under £150,000 of turnover, where the cost outweighs the benefit.
Property-only landlords and cash businesses.
Owners who do not want to look at their numbers between year ends.
If you are an established limited company that makes real decisions during the year, the set-up review is the place to start.
Questions directors ask before moving
What does the monthly fee include?
One monthly fee covers year-end accounts, corporation tax, the confirmation statement, VAT, bookkeeping, payroll and pensions and the director’s self assessment. Proactive planning is part of it on a fair-use basis: VAT scheme selection, salary and dividend planning and a corporation tax forecast a month ahead. The fee is scoped after Nasir has reviewed your set-up. Capital gains returns are charged separately.
We already have an accountant, is it worth changing?
Only if there is a gap. If yours tells you your tax bill before it lands, has checked your VAT scheme and replies within the week, stay where you are. If you find out your corporation tax figure the week it is due, or deal with a different account manager each year, the review is worth an hour.
Do we have to move bookkeeping software?
Not automatically. Software is one of the things Nasir looks at in the set-up review, and if what you have works with your transaction volume and your team, it stays. A change is only recommended where the current system is the reason your figures are late or do not reconcile, and the reason is explained.
What happens with our current accountant?
Nexus handles the handover. Professional clearance is requested, records and the last set of accounts are collected, and you do not chase your old firm yourself. There is no separate charge for it. Once the records are in, the set-up review runs and you get a timetable for the first year, including filing dates.
How often do management accounts and cash flow figures arrive?
Monthly, once the bookkeeping routine is in place, with a check-in every few months to go through what the figures are showing and confirm the plan. Corporation tax and dividend headroom are forecast before your year end. Between those points, questions get a prompt reply from Nasir rather than a junior account manager.
Are management accounts worth it for a company turning over £150,000 or more?
They are, if you are making decisions during the year. At that size a single hire, a price change or a van purchase moves the result materially. Monthly figures tell you the margin the work is producing and how much cash is genuinely spare once VAT and corporation tax are set aside.
Three ways to take the next step
Take the set-up review
Nasir goes through your structure, VAT scheme, pay and software, then gives you a written list of what to change and why.
See if Nexus is the right fit 02 · A question firstGot one question first?
Call or email and Nasir answers it himself, usually the same week.
Ask Nasir a question 03 · Still decidingStill deciding
The guides explain how the monthly figures and the tax forecast are put together before you commit to anything.
Read the guides →