Many credit rating agencies can supply marketing lists pre-screened to contain only prospects with a decent credit rating. So, there really is no excuse to sell to high risk prospects in the first place.
Small is not always beautiful, let alone profitable
In the current economic situation resigning clients might feel counter-intuitive but think of it as “resigning losses”.
Cloud accounting is the tectonic shift in the accounting world.
We help businesses make effective use of the cloud accounting solutions out there and collaborate with them to ensure their entire financial environment is working properly.
There’s a lot of hype about the cloud and cloud accounting and several different ways of enabling cloud technology in your business.
We use two of them!
Pensions auto enrolment – how to get started
Pensions auto enrolment (AE) is the law and it’s making its way to your business NOW!
As we go through 2017 and beyond, more and more companies will have to auto enrol their staff into an approved pension scheme and this blog gives an overview what’s involved.
There are three big areas to work through:
- Preparing and choosing a pension scheme
- Running your pension scheme
- Compliance declarations
Cloud accounting – We can work anywhere in #thecloudthatcounts
Frankly, using new accounting software is like driving a rented car. You may never have driven the specific make or model before but you know it must have gears, a steering wheel, lights, brakes etc. and it is just a case of finding out where they are and using them.
Bookkeeping is the bedrock of your business – EBook
Good bookkeeping is the bedrock of every successful business.
As you can see from our illustration, bookkeeping is at the centre of every aspect of your financial management and you let it lapse at your peril.
However, we see too many businesses where the bookkeeping is not done well enough and in a lot of them the business owners don’t realise the problem – they don’t realise they are making decisions based on incorrect financial information.
We have produced a simple Bookkeeping EBook which shows you:
- how important good bookkeeping is for profit and cashflow improvement
- how your bookkeeping supports other financial functions
- how to organise your business to get your bookkeeping right
It’s free to download, just click on any of the Bookkeeping EBook links on this page and off you go.
You can see how central good bookkeeping is to the entire financial management ecosystem of your business and we have blog articles on the other financial aspects which you might also find helpful.
- Know your numbers – don’t get lost in the fog
- This must be my profit – it says so on my phone!
- A gory cashflow model is a good cashflow model
- 3 actions to increase profitable sales
Some business owners warm to numbers – others find numbers a complete anathema. Wherever you are on that spectrum it might be useful to get a bit of expert help where you need it.
Money – well spent.
Don’t forget to download the Bookkeeping EBook
Michael – @diaryofanomb
Need a little help with your bookkeeping and financial management? – let us know how we can help you:
Accountants aren’t always checking your accounts
Has your accountant made sure your annual accounts agree to your books?
Keep it simple.
Submit all your tax returns in good time, pay the right amount of tax and don’t put the tax cart in front of the business horse!
The common taxes for owner-managed business are:
Being organised is the key to tax.
Good bookkeeping in your business should take care of VAT, payroll taxes and corporation tax and organised record keeping in your personal financial affairs will make your own tax return much easier to produce. Download our Bookkeeping EBook here.
Having a separate tax bank account to save into is also sensible so you have the money to pay your taxes when the time comes.
Read all about it:
A sale is a gift until it’s paid for.
If you give credit terms to your customers then make sure they pay you on time.
You’re not a bank so don’t let your customers borrow from you, which is what they’re doing if they delay payment.
We help companies stay on top of credit control from start to finish:
- credit checking prospects and ongoing customers
- invoicing accurately, electronically, punctually
- chasing for payment – phone is best!
- taking action against slow payers
Put credit control front and centre in your business – you can’t afford not to!
You’re in business to make a profit!
And then to make some more profit.
Your business buys, sells, hires, fires, grows, evolves and makes profits.
But are you measuring your profit accurately, with no surprises, and can you make better decisions, at the right time, to prevent losses and maximise opportunities?
We help businesses to focus on profit and on cashflow. From good bookkeeping to useful management information and all points in between we make sure the financial management foundation of every business is fit for purpose and fit for growth.
Read all about it:
Or why not visit our dedicated Profitability page and learn more about our free 2 hour consultation?