Thanks largely to the COVID-19 pandemic, staff turnover is on the up and up. Firms are losing staff and finding it tough to hire staff. But what if you were to improve workplace conditions? In this newsletter, Long + Cowan is taking a look at employees and how we employers can be supportive of our…
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…
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…
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…
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…
Great Team: Great Business That age old saying, ‘family first’, can also be true in the workplace. Your employees, your team, are much like a family unit, and without them you don’t really have a business. It may sound clichéd, but employees are much like the cogs of a wheel, each performing individual tasks to…
How well do you know your breakeven point? A breakeven point tells you what dollar value in sales is needed to cover costs. It’s a tool for thinking about sales, costs and pricing. The Concept Of A Breakeven Point You may have heard of the concept of breaking even and wondered what it was and…
How To Effectively Respond To Customer Complaints Dealing with client complaints. There’s nothing more damaging to a business’s reputation than one that mishandles a customer’s complaint. We, your certified chartered accountant, also draw your attention to the pros and cons of Cash and Accrual accounting methods. The topic may seem dry, but it is important that you understand…