Establishing a system of modern management accounts

KEEPING track of a practice's financial performance each month is like carrying out a regular health check on a patient. What has changed since the last check, is it important, and does anything need to be done about it? Monitoring the monthly management accounts provides an opportunity to spot changes in a practice's health, whether an improvement or a deterioration, and to take any action which might be appropriate. In this article, Dixon Gunn explains how even the most computer‐shy practitioner can establish a modern set of management accounts.