Tag: management accounts

AI in Accounting

AI Bank Feed Categorisation Explained: How Machine Learning Learns to Code Your Transactions Correctly

Bank feed categorisation powered by machine learning promises to end the drudgery of manual transaction coding, but how does it actually decide where a payment belongs? This article breaks down the pattern-recognition logic behind AI bookkeeping, walks through a worked example for a small consultancy, and shows why confidence scores — not blind automation — are the key to trustworthy management accounts.

Oct 2, 2026 8 min read

Accounting Standards

Revenue Recognition Under IFRS 15 and FRS 102: The Five-Step Model with Worked Numbers

Many SME owners assume revenue should hit the profit and loss account the moment an invoice is raised or cash is collected. Under IFRS 15 and revised FRS 102, that is often wrong. This article breaks down the five-step revenue recognition model with a full worked example of a £60,000 software and support contract, showing exactly how to allocate transaction price and recognise revenue over time.

Sep 20, 2026 7 min read

Management Reporting

Management Accounts vs Statutory Accounts: What’s the Difference and Why It Matters

Ask most SME owners whether they have accounts and the answer is yes. Ask them which type, and the answer often becomes…

Jun 22, 2026 8 min read