Jack and Jill have run their company for fifteen years and by and large they have been successful. It’s a tech business with some large, international clients and some smaller ones closer to home. However,
Cloud accounting puts financial data and information on everyone’s screen and it’s now shareable between clients and accountants in a way that it wasn’t before. So it makes sense that the way in which clients
In many ways the ideal progression is for the part-time FD to make most of the job redundant by training other people to do it and by ensuring that things which are fixed stay fixed.
Accurate and consistent management accounts are a key tool for monitoring and improving business performance and they should be tailored to the needs and nature of your business.
If you take care of the "proof of profit" cycle then you will consistently make the profits you should.
But, when it comes to your accountant, this inertia could really hurt you and your business and, as Liz Garrigan, Director of TPG Design, explains in the video - breaking up is not so very hard to do!
Also worth visiting is HMRC's guide on record keeping - even they say "HMRC recommend you keep all the original documents you receive. This does not mean you need to keep them on paper." The times they are a'changin!
Effective – do the right things Efficient – do things right It’s your business so make sure you’re doing all the right things your business needs to do to be successful, profitable, sustainable. But doing
This company has annual sales in the millions of pounds and it reminded me that there are many businesses in the UK of all shapes and sizes that do not have adequate financial information.
This is no different from being in a non-cloud environment, it's just that the cloud accounting software sold as being everything you need, easy to use, do it yourself etc. Well so is a Delia Smith cookery book - and you really don't want to see my attempt at a soufflé!