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Managerial Accounting is an internal method of accounting designed to support better decision-making.
At Blackstone Crawford Accounting & Consulting, we work to understand exactly what drives decision-making in the areas of your business that matter most. By reverse engineering from these important decision points, we can create tools that simplify & streamline the most important decisions in your organization. Simple bookkeeping with a weekly report may be a game-changer for one company, but another might need a full-scale inventory system with automated reorder decision-making just to separate from its competitors. No business is the same. It’s our job to find what matters to yours and design systems to drive it forward.
While Key Performance Indicator (KPI) Dashboards are the most well-known example of managerial accounting at work, many dashboards are unfortunately built without understanding and presenting what actually matters to the user. Here are some common areas where managerial accounting can simplify information and support decision-making: