Blog - Management Accounts Tutorial

Simplify Your P&L and Balance Sheet Reporting

Introduction

If you are an accountant or financial advisor, you understand the importance of presenting clear and accurate financial data to your clients. But let’s be honest—managing accounts can often be time-consuming and repetitive. At ProudNumbers, we’ve developed the Management Accounts Professional module to make generating reports like your P&L and Balance Sheet as simple as clicking a button.

Our mission is to save you time, enhance accuracy, and give you more control—all in an Excel-like format you’re already familiar with.

Why ProudNumbers?

As a family business with years of experience working alongside accountants and financial advisors, we get it—you need practical, flexible, and reliable tools. Our Management Accounts Professional module automates your reporting, letting you focus on what truly matters: delivering valuable insights to your clients.

Here’s how this module helps you streamline your P&L and Balance Sheet processes:

1. Flexible Chart of Accounts
2. We understand that no two businesses are the same. That’s why our flexible chart of accounts allows you to:
   • Inherit your Sage Chart of Accounts: Seamlessly integrate without starting from scratch.
   • Modify as needed: Our drag-and-drop interface makes updating your accounts quick and straightforward.
   • Report on individual nominal codes or categories: Need to dive deep? ProudNumbers allows for detailed reporting on specific nominal codes or categories, giving you the precise insights you need.

3. Data Drill for Detailed Insights

   The devil is in the details, as every accountant knows. With ProudNumbers, you can drill down into your data whenever needed, giving you the ability to uncover the story behind the numbers in your P&L and Balance Sheet reports.

4. Compare with Previous Year Data

   Clients often want to see how they’re performing compared to last year. ProudNumbers makes it easy to generate reports that compare previous year data, offering a clear picture of growth, challenges, and areas that need attention.

5. Variances at a Glance

   Want to spot performance changes without wading through piles of data? ProudNumbers allows you to report on variances for a single reporting month quickly and efficiently. See how the current period measures up to expectations with just one click.

6. Reporting Across Different Time Periods

   Whether you need to analyse data by month, week, bi-weekly, quarterly, or annually, ProudNumbers has got you covered. Generate reports for any time period that suits your business, offering flexibility to review performance at the intervals that matter most.

7. Departmental Analysis, Your Way

   Easily generate detailed departmental reports to track specific team performances. Whether you need a high-level overview or want to drill down into a particular department’s results, ProudNumbers allows you to analyse data in the way that works best for your business.

8. Zero Decimals, Cleaner Data

   Accuracy is essential in financial reporting, but not every report requires excessive detail. ProudNumbers lets you format your reports with zero decimals, giving you a cleaner, more digestible view of the numbers for your clients. It’s about clarity without sacrificing precision.

9. Excel-Like Format, Easy to Export with Logo

   All reports are created in an Excel-like format, making them familiar and easy to work with. You can easily export them and send them directly to your clients, complete with your logo and branding for a professional finish.

Why This Matters?

As accountants, your role is to turn complex financial data into clear, actionable insights for your clients. ProudNumbers makes this process easier, saving you valuable time every month. Our tool helps you create P&L and Balance Sheet reports that are:

• Customisable: From flexible charts of accounts to bespoke Excel exports.
• Insightful: With variance reporting and previous year comparisons for deeper analysis.
• Time-saving: Automate reporting and reduce manual work, freeing up more time for what truly matters.

Ready to Simplify Your Reporting?

At ProudNumbers, we understand that managing accounts is just one part of your daily responsibilities as an accountant or financial advisor. Our Management Accounts Professional module is here to ease that burden, allowing you to focus on what truly matters—helping your clients succeed.

Interested in seeing it in action? Contact us for a free demo.