{"id":173890,"date":"2024-06-24T09:52:22","date_gmt":"2024-06-24T08:52:22","guid":{"rendered":"http:\/\/realbusiness.co.uk\/?p=173890"},"modified":"2024-09-26T14:40:35","modified_gmt":"2024-09-26T13:40:35","slug":"management-accounts-examples","status":"publish","type":"post","link":"https:\/\/realbusiness.co.uk\/management-accounts-examples","title":{"rendered":"Management Of Account: What Are Management Accounts\u00a0"},"content":{"rendered":"<div class='booster-block booster-read-block'><\/div><p><strong>Financial reporting is a must for most business owners and managers to know where their financial health is at. Compiled from management accounts the reports give detailed, measurable information about a company\u2019s current financial performance, usually monthly or quarterly. But how do you get insights from these reports?<\/strong><\/p>\n<p>In this article, Real Business will break down the components of management accounts and how to use them to improve your company\u2019s performance and make decisions that will grow your business organically. Read on to find out more.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_74 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-684fe0dc58cd3\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-684fe0dc58cd3\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/realbusiness.co.uk\/management-accounts-examples\/#What_Are_Management_Accounts\" >What Are Management Accounts?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/realbusiness.co.uk\/management-accounts-examples\/#Examples_Of_Management_Accounts\" >Examples Of Management Accounts<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/realbusiness.co.uk\/management-accounts-examples\/#Table_2_Balance_Sheet\" >Table 2: Balance Sheet<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/realbusiness.co.uk\/management-accounts-examples\/#Tips_For_Producing_Management_Accounts\" >Tips For Producing Management Accounts<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/realbusiness.co.uk\/management-accounts-examples\/#Common_Management_Accounting_Challenges\" >Common Management Accounting Challenges<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/realbusiness.co.uk\/management-accounts-examples\/#Conclusion\" >Conclusion<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/realbusiness.co.uk\/management-accounts-examples\/#FAQ_What_is_integrated_reporting\" >FAQ: What is integrated reporting?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/realbusiness.co.uk\/management-accounts-examples\/#FAQ_What_are_the_key_features_of_a_good_management_account\" >FAQ: What are the key features of a good management account?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/realbusiness.co.uk\/management-accounts-examples\/#FAQ_Who_Prepares_Reads_and_Uses_Management_Accounts\" >FAQ: Who Prepares, Reads and Uses Management Accounts?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n\n<h2><span class=\"ez-toc-section\" id=\"What_Are_Management_Accounts\"><\/span><strong>What Are Management Accounts?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Management accounts are internal financial reports that are made up of:<\/p>\n<ul>\n<li><strong>Profit Loss Report <\/strong>&#8211; The profit loss report shows revenue, expenses and profit over a period. This gives insight into the profitability and operational efficiency of the company\u2019s activities.<\/li>\n<li><strong>Balance sheet &#8211; <\/strong>The balance sheet gives a snapshot of the business\u2019s financial position. It shows assets, liabilities and shareholder equity.<\/li>\n<li><strong>Cash flow statement <\/strong>&#8211; This tracks the movement of cash in and out of the business.<\/li>\n<li><strong>Key performance indicators (KPIs) &#8211;<\/strong> The key performance indicators are financial and operational metrics and how they are tailored to business goals &#8211; such as <a href=\"https:\/\/realbusiness.co.uk\/how-to-work-out-profit-margins\"  data-wpil-monitor-id=\"52\">gross profit margin<\/a>, return on investment and sales growth.<\/li>\n<li><strong>Variance analysis &#8211; <\/strong>The comparison of financial results against budgeted or forecasted figures identifies variances in performance and what caused them. This can be good and bad, so you can identify opportunities or learn lessons.<\/li>\n<li><strong>Budget forecasting &#8211; <\/strong>This gives a projection of future revenue, expenses and profits &#8211; so you can prepare and plan resource allocation. These are usually based on current and historical data.<\/li>\n<li><strong>Departmental or segmental reports &#8211; <\/strong>Breaking down financial performance by department, product line or geographically can help you focus on certain areas of the business.<\/li>\n<li><strong>Working capital analysis &#8211; <\/strong>This assesses the current assets and liabilities within the organisation. Using this you can determine how efficient the business is at managing its short-term financial obligations.<\/li>\n<li><strong>Break-even analysis &#8211;<\/strong> When you produce management accounts you can calculate the point at which total revenues equal total costs. This allows you to assess the minimum requirements for the business to make a profit.<\/li>\n<li><strong>Financial ratios &#8211; <\/strong>This provides an analysis of key ratios such as liquidity, solvency and profitability ratios. This gives an overall view of the company\u2019s financial health and operational efficiency.<\/li>\n<li><strong>Trend analysis &#8211; <\/strong>This allows you to review financial data over time to identify patterns and trends for future decision-making.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p>Why produce management accounts:<\/p>\n<ul>\n<li><strong>To inform decisions<\/strong> \u2013 Management accounts are financial reports of data and are used to make data-driven, measurable decisions on investment, cost cutting, gross margin percentage and growth strategies that impact the bottom line.<\/li>\n<li><strong>To monitor performance <\/strong>\u2013 Regular use of detailed management accounts allows you to set and monitor KPIs so you can take action quickly in underperforming areas.<\/li>\n<li><strong>To identify trends<\/strong> \u2013 Analysis of revenue, direct costs and profit over time helps you forecast future business performance.<\/li>\n<li><strong>To plan finances<\/strong> \u2013 Up-to-date financial data allows you to tweak your financial forecasts so your budgets are realistic and aligned to actual performance.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"size-full wp-image-192538 aligncenter lazyload\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/yH5BAEAAAAALAAAAAABAAEAAAIBRAA7\" data-src=\"https:\/\/realbusiness.co.uk\/wp-content\/uploads\/2023\/04\/shutterstock_2476190309-min-scaled.jpg\" alt=\"KPIs Management Account\" width=\"1200\" height=\"816\" \/><noscript><img decoding=\"async\" class=\"size-full wp-image-192538 aligncenter lazyload\" src=\"https:\/\/realbusiness.co.uk\/wp-content\/uploads\/2023\/04\/shutterstock_2476190309-min-scaled.jpg\" alt=\"KPIs Management Account\" width=\"1200\" height=\"816\" srcset=\"https:\/\/realbusiness.co.uk\/wp-content\/uploads\/2023\/04\/shutterstock_2476190309-min-scaled.jpg 1200w, https:\/\/realbusiness.co.uk\/wp-content\/uploads\/2023\/04\/shutterstock_2476190309-min-300x204.jpg 300w, https:\/\/realbusiness.co.uk\/wp-content\/uploads\/2023\/04\/shutterstock_2476190309-min-1024x697.jpg 1024w, https:\/\/realbusiness.co.uk\/wp-content\/uploads\/2023\/04\/shutterstock_2476190309-min-1536x1045.jpg 1536w, https:\/\/realbusiness.co.uk\/wp-content\/uploads\/2023\/04\/shutterstock_2476190309-min-2048x1393.jpg 2048w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" \/><\/noscript><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Examples_Of_Management_Accounts\"><\/span><strong>Examples Of Management Accounts<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>For examples of how the best management accounts are produced, take a look at the following:<\/p>\n<p><strong>Table 1: Profit and Loss Statement (P&amp;L)<\/strong><\/p>\n<table>\n<tbody>\n<tr>\n<td><strong>Category<\/strong><\/td>\n<td><strong>Description<\/strong><\/td>\n<\/tr>\n<tr>\n<td><strong>Sales Revenue<\/strong><\/td>\n<td>Sales value excluding VAT from all sectors, departments, and locations.<\/td>\n<\/tr>\n<tr>\n<td><strong>Direct Costs<\/strong><\/td>\n<td>Per unit cost of goods sold (COGS), excluding overhead costs.<\/td>\n<\/tr>\n<tr>\n<td><strong>Gross Margin<\/strong><\/td>\n<td>Sales revenue minus direct costs (e.g., gross margin excluding VAT).<\/td>\n<\/tr>\n<tr>\n<td><strong>Operating Expenses<\/strong><\/td>\n<td>Overhead costs, including marketing, rent, and utilities.<\/td>\n<\/tr>\n<tr>\n<td><strong>Net Profit<\/strong><\/td>\n<td>Gross margin minus operating expenses (normally a profit or loss).<\/td>\n<\/tr>\n<tr>\n<td><strong>Variance Analysis<\/strong><\/td>\n<td>Comparison of current accounting period performance with forecasted results.<\/td>\n<\/tr>\n<tr>\n<td><strong>Commentary<\/strong><\/td>\n<td>Narrative explanation for variances, trends, and performance insights.<\/td>\n<\/tr>\n<tr>\n<td><strong>Future Projections<\/strong><\/td>\n<td>Forecasted sales per unit and profit based on market trends.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3><span class=\"ez-toc-section\" id=\"Table_2_Balance_Sheet\"><\/span><strong>Table 2: Balance Sheet<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<table>\n<tbody>\n<tr>\n<td><strong>Category<\/strong><\/td>\n<td><strong>Description<\/strong><\/td>\n<\/tr>\n<tr>\n<td><strong>Assets<\/strong><\/td>\n<td>Includes current assets (e.g., stock, debtors, cash) and long-term assets.<\/td>\n<\/tr>\n<tr>\n<td><strong>Liabilities<\/strong><\/td>\n<td>Includes current liabilities (e.g., creditors, loans) and long-term debts.<\/td>\n<\/tr>\n<tr>\n<td><strong>Equity<\/strong><\/td>\n<td>Owners&#8217; equity and retained earnings.<\/td>\n<\/tr>\n<tr>\n<td><strong>Working Capital<\/strong><\/td>\n<td>Assets minus liabilities, showing the business\u2019s cash position.<\/td>\n<\/tr>\n<tr>\n<td><strong>Debt to Equity Ratio<\/strong><\/td>\n<td>Measures financial leverage and risk exposure.<\/td>\n<\/tr>\n<tr>\n<td><strong>Capital Cycle<\/strong><\/td>\n<td>Shows the capital cycle: stock, debtors, and creditors.<\/td>\n<\/tr>\n<tr>\n<td><strong>Reconciliation of Debtors<\/strong><\/td>\n<td>Tracks outstanding sales ledger balances (i.e., debtors).<\/td>\n<\/tr>\n<tr>\n<td><strong>Reconciliation of Creditors<\/strong><\/td>\n<td>Tracks outstanding purchase ledger balances (i.e., creditors).<\/td>\n<\/tr>\n<tr>\n<td><strong>Cash Flow Statement<\/strong><\/td>\n<td>Summarises cash inflows and outflows, indicating liquidity and cash position.<\/td>\n<\/tr>\n<tr>\n<td><strong>Narrative<\/strong><\/td>\n<td>Provides context on capital cycle management and debtors\u2019 trends.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2><img decoding=\"async\" class=\"size-full wp-image-192539 aligncenter lazyload\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/yH5BAEAAAAALAAAAAABAAEAAAIBRAA7\" data-src=\"https:\/\/realbusiness.co.uk\/wp-content\/uploads\/2023\/04\/shutterstock_2464662783-min-scaled.jpg\" alt=\"Balance Sheet and Others\" width=\"1200\" height=\"398\" \/><noscript><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-192539 aligncenter lazyload\" src=\"https:\/\/realbusiness.co.uk\/wp-content\/uploads\/2023\/04\/shutterstock_2464662783-min-scaled.jpg\" alt=\"Balance Sheet and Others\" width=\"1200\" height=\"398\" srcset=\"https:\/\/realbusiness.co.uk\/wp-content\/uploads\/2023\/04\/shutterstock_2464662783-min-scaled.jpg 1200w, https:\/\/realbusiness.co.uk\/wp-content\/uploads\/2023\/04\/shutterstock_2464662783-min-300x99.jpg 300w, https:\/\/realbusiness.co.uk\/wp-content\/uploads\/2023\/04\/shutterstock_2464662783-min-1024x340.jpg 1024w, https:\/\/realbusiness.co.uk\/wp-content\/uploads\/2023\/04\/shutterstock_2464662783-min-1536x509.jpg 1536w, https:\/\/realbusiness.co.uk\/wp-content\/uploads\/2023\/04\/shutterstock_2464662783-min-2048x679.jpg 2048w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" \/><\/noscript><\/h2>\n<h2><span class=\"ez-toc-section\" id=\"Tips_For_Producing_Management_Accounts\"><\/span><strong>Tips For Producing Management Accounts<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>It\u2019s important to produce management accounts that are tailored to the business\u2019s needs. Here are the elements to produce management accounts:<\/p>\n<ol>\n<li><strong>Regularly Review and Update Your Accounting System<\/strong>: Keep your accounting system up to date. An accurate and reliable system means the management accounts reflect the current financial position of your business so you can make timely and informed business decisions.<\/li>\n<li><strong>Use a Consistent Format<\/strong>: Consistency is key with management accounts. A consistent format makes it easier to compare financial performance over different periods so you can identify trends and make better strategic decisions.<\/li>\n<li><strong>Include Key Performance Indicators (KPIs)<\/strong>: KPIs are essential to measure your business against its goals. Including relevant KPIs in your management accounts gives you a full view of your financial performance so you can track progress and increase profit with management accounts.<\/li>\n<li><strong>Provide Detailed Analysis:<\/strong> Detailed analysis of financial data reveals insights that can drive business improvements. By breaking down the numbers and understanding the underlying factors you can make more informed decisions to improve your business.<\/li>\n<li><strong>Use Visual Aids:<\/strong> Visual aids such as charts, graphs and tables make complex financial data easier to understand. They provide a clear and concise way to present information so managers and stakeholders can get it.<\/li>\n<li><strong>Ensure Accuracy and Completeness<\/strong>: Accuracy and completeness are vital to producing reliable management accounts. Check your data and ensure all financial transactions are recorded correctly to avoid costly mistakes and make good business decisions.<\/li>\n<li><strong>Seek Professional Advice:<\/strong> If you\u2019re unsure about any part of producing management accounts seek advice from a qualified accountant. They can help you navigate complex financial data and ensure your management accounts are accurate and insightful.<\/li>\n<\/ol>\n<p>&nbsp;<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Common_Management_Accounting_Challenges\"><\/span><strong>Common Management Accounting Challenges<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Producing management accounts can be a complex task, especially for small businesses or those with limited accounting experience. Here are some common challenges and how to overcome them:<\/p>\n<ol>\n<li><strong>Lack of Accounting Skills:<\/strong> Management accounting requires a certain level of skill. Without the necessary skills or experience, it can be difficult to produce accurate and reliable management accounts. Consider training for your team or hiring a qualified accountant to get your accounts up to standard.<\/li>\n<li><strong>Limited Resources:<\/strong> Producing management accounts can be time-consuming and costly. For businesses with limited resources, it can be hard to allocate time and money. Prioritise the most important parts of management accounting and use accounting software to streamline the process.<\/li>\n<li><strong>Complexity of Financial Data:<\/strong> Financial data can be complex and hard to understand. If you don\u2019t have the skills to interpret the data it can be difficult to produce management accounts that give you a clear view of your business\u2019s financial performance. Use accounting tools and seek professional advice to simplify and understand your financial data.<\/li>\n<li><strong>Identifying KPIs: <\/strong>Identifying the right KPIs is key to management accounting but can be tricky, especially for those new to the field. Start by focusing on the most important parts of your business and gradually add more KPIs as you gain more experience and understanding.<\/li>\n<li><strong>Ensuring Accuracy and Completeness:<\/strong> Ensuring your management accounts are accurate and complete is critical but can be difficult without proper systems in place. Put in place robust accounting processes and regularly review your accounts to catch and correct any errors.<\/li>\n<\/ol>\n<p>&nbsp;<\/p>\n<p>By overcoming these common challenges you will improve your management accounts and get a better view of your business\u2019s financial performance.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Management accounts are key for businesses\u2019 understanding of their financial performance. High-quality management accounts require best practices including regular review and update of your accounting system, consistent format, KPIs, detailed analysis, visual aids, accuracy and completeness and professional advice.<\/p>\n<p>Common management accounting challenges are lack of accounting skills, limited resources, complexity of financial data, and difficulty in identifying KPIs and ensuring accuracy and completeness. By overcoming these challenges and producing high-quality management accounts businesses can make decisions, improve their financial performance and achieve their goals and objectives.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"FAQ_What_is_integrated_reporting\"><\/span><strong>FAQ: What is integrated reporting?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Integrated reporting should be compliant with generally accepted accounting principles (GAAP).<\/p>\n<p>Examples of non-financial metrics are:<\/p>\n<ul>\n<li>Sustainability KPIs<\/li>\n<li>Customer satisfaction<\/li>\n<li>Process quality<\/li>\n<li>Risk management factors<\/li>\n<li>Innovation indicators<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<h3><span class=\"ez-toc-section\" id=\"FAQ_What_are_the_key_features_of_a_good_management_account\"><\/span><strong>FAQ: What are the key features of a good management account?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li><strong>Book<\/strong><strong>check help with management accounts <\/strong>&#8211; A qualified and experienced bookkeeper must be hired to ensure tasks such as bank reconciliation are done properly to ensure accurate reports.<\/li>\n<li><strong>Data collection <\/strong>\u2013 Data must be collected from all departments to ensure sales, expenses and cash flow to ensure no critical data is missed.<\/li>\n<li><strong>Reconciliation \u2013 <\/strong>All data must be crosschecked with bank statements, invoices and other financial records.<\/li>\n<li><strong>Categorisation \u2013<\/strong> Management account data must be categorised for ease of use.<\/li>\n<li><strong>Report production \u2013 <\/strong>Accounts are populated with validated data, producing clear, concise and scheduled reports that meet business needs.<\/li>\n<li><strong>Diagnostic analysis \u2013 <\/strong>Accountants should analyse data to identify any variances of expected performance, and identify areas of concern or opportunity.<\/li>\n<li><strong>Root cause analysis \u2013 <\/strong>These reports should be used to drill down into the underlying causes of financial trends and variances, such as market dynamics, operational efficiency and commercial management to get deeper insights.<\/li>\n<li><strong>Insight reporting \u2013 <\/strong>Accountants must deliver clear and actionable insights to leadership to get the most out of financial reporting.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<h3><span class=\"ez-toc-section\" id=\"FAQ_Who_Prepares_Reads_and_Uses_Management_Accounts\"><\/span><strong>FAQ: Who Prepares, Reads and Uses Management Accounts?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li><strong>Preparation &#8211;<\/strong> In-house or outsourced to accountants.<\/li>\n<li><strong>Reading &#8211;<\/strong> Management accounts are for the managers within the organisation.<\/li>\n<li><strong>Use \u2013 <\/strong>Management accounts are used by managers to check data against budgets, analyse profit drivers, control costs, drive efficiency, identify investment opportunities and keep stakeholders informed.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Financial reporting is a must for most business owners and managers to know where their financial health is at. Compiled from management accounts the reports give detailed, measurable information about a company\u2019s current financial performance, usually monthly or quarterly. But how do you get insights from these reports? In this article, Real Business will break [&hellip;]<\/p>\n","protected":false},"author":26234,"featured_media":173891,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mi_skip_tracking":false,"footnotes":""},"categories":[11875],"tags":[3632,11990,12013],"class_list":["post-173890","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-accountancy","tag-accounts","tag-mar-p","tag-p2023"],"views":2344,"_links":{"self":[{"href":"https:\/\/realbusiness.co.uk\/wp-json\/wp\/v2\/posts\/173890","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/realbusiness.co.uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/realbusiness.co.uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/realbusiness.co.uk\/wp-json\/wp\/v2\/users\/26234"}],"replies":[{"embeddable":true,"href":"https:\/\/realbusiness.co.uk\/wp-json\/wp\/v2\/comments?post=173890"}],"version-history":[{"count":0,"href":"https:\/\/realbusiness.co.uk\/wp-json\/wp\/v2\/posts\/173890\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/realbusiness.co.uk\/wp-json\/wp\/v2\/media\/173891"}],"wp:attachment":[{"href":"https:\/\/realbusiness.co.uk\/wp-json\/wp\/v2\/media?parent=173890"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/realbusiness.co.uk\/wp-json\/wp\/v2\/categories?post=173890"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/realbusiness.co.uk\/wp-json\/wp\/v2\/tags?post=173890"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}