Profit & Loss Statement versus Cash Flow Forecast
Building a successful business needs far more than the great product or service that you have. It also requires that you occasionally spend some of your limited time dipping into financial reports. It makes sense to ensure that you use that time wisely, so in this post we’ll be discussing two essential reports that provide […]
Modern Finance Teams: Not just a cog in the wheel but an Indispensable Ally in Business
As a forward-thinking, ambitious business owner, you know that the old stereotype of a dusty office filled with number-crunching, petty cash guarding and fierce budget-policing staff, demanding accountability for each and every penny is a thing of the past. Today’s modern finance teams are vital enablers of creativity, innovation and planning. A well-structured and driven team, […]
Cash Is King – How Fractional Finance Directors Improve Cash Flow
When a Fractional Finance Director (FFD) joins a new business, one of the first things they’ll look at is how to improve your cash flow. They do this by diving into your current processes, and then setting up, or improving, your cash flow management system. This task is pivotal: cash, and therefore cash flow, is […]
8 tips to maximise your bottom line during a recession
It’s no secret that recessions or economic slow-downs can be a challenge for business owners. Not knowing how things are likely to evolve over the next few months or longer means that making decisions can feel extremely risky. How do you know if your idea is going to work? Do you have a solid plan […]
Financial/Statutory Reports and Management Reports: what are they and why do you need both?
One of the key surprises for many business owners is how much information is involved in all aspects of running a business. Of course, you expect to need sales reports and expenditure. Par for the course. But data and reports are the very basis for so much more. For starting a business successfully. For growing […]
Asset Management isn’t just for the big corporates: understand how your fixed asset register impacts profits
Last updated 12th April 2023 How your Fixed Asset Register impacts profitability If the tax man or woman asked you how up to date your fixed asset register is, could you tell them? What if they asked the person who controls your accounts? Do you even HAVE a fixed asset register or is it something […]
The secrets hidden in your trial balance and what they reveal about your business finances.
Last updated 5th April 2023 What you can learn about your business finances from the Trial Balance Entrepreneurs wear many hats, from business leader, head of operations, HR and even occasionally head number cruncher. Successful business means successful management of your money. But when you lead a fast-growing business, there aren’t enough hours in the […]
Payroll becomes ever more important as your business grows. Here’s why you can’t afford to ignore your payroll accounts.
Last updated: 29th March 2023 Protect the financial health of your business with good Payroll Accounts You run a fast-growing business and you have big ambitions for the future. But what got you here might not get you where you want to go. Especially when it comes to business finance. Successful businesses run a tight financial ship. As an entrepreneur, […]
Stay on top of cash flow forecasting: use your Aged Creditors Report to keep your business on track
Last updated 22nd March 2023 Do you really know who you owe money to? Do you have any idea how much you owe your creditors, and when you are supposed to pay them? If you don’t, you could be in for a surprise when they come knocking on your door asking for their money. Trying […]
Late payments: understand your aged debtors report to keep your business growing
Last updated: 15th March 2023 What your aged debtors report tells you about late payers Is dealing with late payments a constant theme in your business? Do clients frequently take longer than their agreed terms to settle an invoice? Does all of this leave you with the headache of worrying if you are going to […]