Management Accounting Service (MAS)
Ivey ATP have developed a computerised management accounting program especially for farmers and small businesses. The Management Accounting Service (MAS) provides timely information that assists in making better managerial decisions.
The key aspects of the system are the updated cashflow budget, the projected profit and loss statements and the balance sheets, which are used to make informed management decisions. Other items such as the general ledger and audit trails help organise business financial affairs and assist the preparation of tax returns and financial statements.
Financial information is summarised by the property or business manager from cheque butts and receipts onto standard, easy to use forms that are sent to our office on a monthly basis. We analyse this data quickly and accurately to provide prompt information on the current financial performance, and on projected results for the remainder of the year.
Practical management accounting principles are used rather than taxation accounting methods. This gives a more relevant picture of the financial position of the subject business.