The technology doesn’t change the essentials and there is a real danger that businesses can get so caught up in the “how”, the graphs and the apps that they forget the real point of why they want the numbers in the first place.
Employee training and data handling guidelines are ‘must haves’ for organisations processing personal and Special categories of data e.g. – Medical data/ child data.
It’s great to grow sales, increase in size and be busy but do you know where your profit is coming from and where it’s not?
Today’s fact. The ICO reported that there was a 31% increase in the number of Cyber security incidents reported in Jan – Mar 2018 compared to previous year. => Make sure your internet security is up to date!
Our view is simple – start using good accounting software as soon as you can and check that your existing software is compatible with MTD for VAT
Cloud accounting software is incredibly powerful, helpful and, once you know how, easy to use. The key point is – “once you know how”.
We start by finding out what your business does, how you run it and what your metrics are that define success. Then we tailor your QuickBooks training so it supports your business model.
The ideal progression is for the part-time FD to make most of the job redundant by training other people to do it and ensuring that things which are fixed stay fixed.
Look at your competitors and see what fronts they are fighting on (or not) and look beyond your own market for ideas about how to position your business so it stands out from the crowd.
Your main bank account will certainly look to be short of money. But that’s partly the point! The second very powerful benefit coming from the exercise is that your main bank account should have a lower balance and this should act as a trigger to do something about it.
