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Management accounts don’t make a company

  • By Alan Knott-Craig
  • May 16, 2021

It’s tempting to think that smart, neat, timeous management accounts mean you have a great company.

Especially when you’ve been involved in companies where the financial reporting is a mess.

But don’t be fooled.

Management accounts are just delayed temperature reading.

They’re essential for making decisions.

But they’re not essential for building a business.

Management accounts don’t make a company.