This gives your business the best of both worlds – the senior financial input you need but without a full-time cost. It’s a solution that an FD would be proud of!
There are two types of business – those that need to concentrate on cashflow and …….. all the rest.
They say “cash is king” and that’s so true. Even if you are making profits yo can still run short of cash and a business that’s short of cash is in trouble.
A few thoughts on financial planning
Your cashflow forecast may be the most important document in your business. Haven’t got one? You’re not alone but you should build one now.
Management accounts – five steps to useful numbers
none of these steps will be very effective if you don’t have the people or the accounting software in your business to produce the information you need when you need it, so make sure that you have these basics right and seek help if you don’t.
How do you fill the gap between the books and the board?
You can create bad practices that embed themselves like fossils at the heart of the business and continue to be corrosive for a long time to come.