As the accounts provide the key figures for the owners business, where possible Darren likes to meet with the client in person and go through the years trading. This provides the client with better feedback and any questions can be answered, also the goals for next year’s trading can be discussed.
When meeting with clients face to face at a time and location convenient to the client, this gives him an insight into the business so recommendations can be made to their record keeping, business developments or tax planning for the future.
For the practices larger clients, management accounts are prepared on a quarterly basis. This provides the directors with key information to their company in a timely manner so important business decision can be made, rather than waiting for the next yearly accounts to be prepared.