What is Management accounts?
Finance & accounting. A plain-English definition for Australian business owners.
Management accounts are internal financial reports produced for the owner and management team to support decision-making.
They typically include monthly P&L, balance sheet, cash flow statement, and KPI dashboard. Unlike statutory financial statements, management accounts are tailored to the business's specific needs and may include segment, product-line, or job-costing breakdowns.
In a connected back office this sits with the Finance hub, where Valont runs bookkeeping, managed payroll and bas & tax compliance for Australian SMEs as one team. The full definition set is on the glossary.
Talk to an Advisor
General information, not advice. For how this applies to your business, talk it through with a Trusted Advisor or start with the Business Health Check.