Client: Riverbend Wholesale Supplies Pty Ltd | Pack: Quarter ended 31 Mar 2026 (Q3 FY26) | Revenue: $3.21m FYTD Ledger reconciled to bank & control accounts before drafting
Management accounts
Actual against budget and prior period — the only numbers the draft may cite.
Profit & loss — quarter
$'000ActualBudgetPrior Qtr
Revenue812835798
Cost of sales502481460
Gross profit310354338
Operating expenses241236233
Net profit before tax69118105
Balance sheet — selected
$'000At 31 MarAt 31 Dec
Trade debtors468402
Inventory611540
Trade creditors388351
Cashflow — quarter
$'000ActualBudget
Operating cashflow6113
Closing cash142118
Key ratios
Gross margin38.2%
GM prior FY42.3%
Debtor days52
Target45
Stock turn3.3x
Draft commentary for your review
It describes what the numbers did — the why, and the advice, are yours to add.
✓ No figure, no claim — every statement traces to a number on the left
Assumptions made: figures taken from the reconciled Q3 pack; margin compared to prior full-year (42.3%), not prior quarter; "$'000" rounding throughout. No seasonality adjustment applied.
The advice is yours. This describes the movements — your recommendations and the reasons behind them are what you add before this goes to the client.