Poor quality accountants are like KGB sleepers, you may not know that you have got one until it’s too late.
Bookkeeping, profitability and cashflow
Without accurate, complete, up-to-date bookkeeping you’ll never have the financial information you need to understand and improve business performance.
Set up an Accounts Calendar. It’s about time (and money)
Introducing the Accounts Calendar to your workflow adds a regular layer of financial management that’s re-enforcing the twin pillars of financial success – cashflow and profitability.
Bounce Back Loans can be a lifeline but many business owners are wary about applying because they don’t want to take on debt. Remember – loans must be repaid!
Getting paid on time – your company is NOT a source of alternative finance!
Getting paid on time – it’s one of the biggest drags on the business community and it hits the smaller business particularly hard.
But there are things you can do, it’s time to hit back.
Remember – your company is NOT a source of alternative finance for your customers!
Get paid quicker – 5 ways to avoid bad credit risks
The collection side of credit control is difficult enough so identifying bad payer problems before you have even made a sale can save you time and money.
My cashflow is a mess and I’m running around like a headless chicken
Poor cashflow is a symptom and a problem. We take a look at practical ways to improve your cashflow.
Don’t bank on your bank for cashflow
No one is going to lend money to a business that doesn’t have its own house in order.
Why two bank accounts are better than one
Your main bank account will certainly look to be short of money. But that’s partly the point!
Clients – are they profitable and will I be paid in good time?
There’s no point having a client contract which either doesn’t make money or doesn’t pay you in good time. This doesn’t just apply to potential new business deals; it applies across your entire client base.