LifeStyle Accounting - What it means and how we do it

Mellor & Co. 'Lifestyle Accounting' differs greatly from Standard Accounting in its personalisation goals, its methods and its very popular and speedy results.

Goals

To understand our clients needs and desires To reduce to a minimum the accounting effort required To maximise the best possible Lifestyle for our clients

Methods

Lifestyle Needs Analysis

• Step 1: Current Lifestyle We discuss at length the way you live, your own understanding of your current finances, your work, your contract(s), your desires and how you manage all of them day to day.
• Step 2: Future Lifestyle We take your existing records and data from the needs analysis and feed it into our Factual Lifestyle Accounting System (FLAE).
• Step 3: Create Lifestyle The Factual Lifestyle Accounting Engine (FLAE)(pronounced 'fly') is a proprietary tool borne out of traditional accounting. This means that it has been developed not by computer programmers, but by highly experienced and highly trained finance professionals. The result is a system that will produce useful meaningful day to day information, not just accounts, to help you manage your lifestyle as you choose.
• Step 4: FLAE Results Management FLAE gets its information from the Lifestyle needs analysis and produces your own unique system. This system relies not on accounting codes, but on true life data as you understand it. FLAE helps us (and/or you) manage this data to provide two key results:

   

  1. Regulated reporting such as VAT, Tax Returns etc.
  2. Lifestyle reporting, such as can I go on holiday? what if I buy a car next week? Can I buy a new house?...etc
  ..and finally, FLAE will help you answer those most important questions: 'What if.....' and 'How much do I really have, right now, in my pocket and ready to spend?'.