Track small business cashflow without spreadsheets The cashflow newsletter Your chartered accountant considers the question of how to best manage or rather record your cash flows. A particularly pertinent topic in these turbulent times. Cash flow is critical to business survival. If you have any concerns at all about your cash flow, and not just the recording…
A formula for success “Would you like me to give you a formula for success? It’s quite simple, really: Double your rate of failure… You are thinking of failure as the enemy of success. But it isn’t at all. You can be discouraged by failure or you can learn from it, so go ahead and…
The Financial Health of Your Business At a Glance – Part 2 Financial Health – Part 2 This is the second of the two articles we, as your certified chartered accountant, have written to you to help with the understanding of the “ins and outs” of financial management for your business. In this article we take…
The Financial Health of Your Business At a Glance – Part 1 Financial Health – Part 1 We’re developed a couple of articles to help with your understanding of the “ins and outs” of financial management for your business. It’s all very well checking the firm’s online bank statement but proper records are vital for…
In a Covid-19 Lockdown Now’s the Time to Upskill Now’s the Time to Upskill Thanks to the Covid-19 lockdown, now is a great time for updating your business skills or even upskilling yourself and maybe staff, especially if you are unable to go to work, or work reduced hours and/or from home. Continuing Professional Development…
Financial Business Improvement Tips We, your certified chartered accountant, offer a few suggestions on where you might take action to improve the operations of your business plus a couple of ideas on improving your business work/life balance. Get Started on What You Think Could Change for the Better Here are a few accounting “thought starters” relating…
Accounting Tips For Managing Your Business We, your certified chartered accountant, have a few suggestions to improve business success. We look at discounts, current assets (“cash”) and talk about due diligence for those thinking about buying or selling a business. Accounting Tips Sales discounts and discount reserves: Does your business regularly offer sales or cash discounts…
Accounting – Do You Have the Whole Picture? In this article your certified chartered accountant considers the health of your business, via the main accounting indicators. View from the dashboard: Do you have the whole picture? We have so much information literally at our fingertips these days. As individuals, our days and nights are punctuated with the…
Turn on the charm These days we are forever hearing about leadership. It’s the in word in many quarters. Yet, as your certified chartered accountant, to my mind it’s only part of the equation in creating effective teams. You need attitude – the right attitude of course. Here I’m talking about charisma – about turning on the charm.…
Profit – the Nuts and Bolts When you look at your accounts or financial statements, can you read your profitability? Here are some things your certified chartered accountant suggests you look for: Gross Profit Gross Profit = Net Sales – Cost of Goods Sold On your Profit and Loss Statement, gross profit is the difference between revenue…