As accountants, we’re always helping our clients find ways to reduce their overhead costs – one of the seven ways to grow your business. Did you know that your accounting fees are an overhead cost? Should you be cutting this cost? Or do you view us as an investment? Expenses are a necessary evil; we […]
How to Create a Cash Flow Forecast for Your Business
A cash flow forecast is an important tool for business planning. And right now, understanding the cash coming in and going out of your business is vital. A cash flow forecast will show you how long your business can continue to survive on current sales levels, by showing you how much money you’ll have in […]
Five Steps to Better Cash Flow?
Need a hand managing cash flow? You’re not alone. The key is getting your invoicing right, by invoicing customers as soon as possible and using tools like Xero’s invoice reminders to move payments along. That said, there are a few other simple rules you can apply to manage your cash flow and get your invoices […]
Cash Versus Accrual Accounting Explained
The difference between cash basis and accrual basis accounting comes down to timing. When do you record revenue or expenses? If you do it when you pay or receive money, it’s cash basis accounting. If you do it when you get a bill or raise an invoice, it’s accrual basis accounting. Businesses that use cash […]
Restructuring or Selling Your Business? We Can Help
This time last year, you might have been pondering Christmas bonuses or booking your summer holiday, but with a completely different business landscape in front of us, your head is no doubt filled with different questions. I’ve decided to restructure. What’s the best way to do this? Restructuring is never easy but if it’s necessary […]
Simplify Real Estate Accounting
Well-managed accounting is crucial in every business – in real estate, it comes with added layers of complexity. Whether you’re running a traditional commission-based business or working with commercial property, rentals, or new builds, you need a simple, accurate way to manage accounts. Getting it wrong could mean you or your clients losing huge sums […]
Finding a Business Idea That Fits You
Every business starts with an idea. It might be a crazy concept that’s never been done before or a twist on a common product or service. It might be something everyone will want, or it might fill a tiny niche in the market. There’s no single way to find the best business idea – it’s […]
Safeguard Your Business with Simple Checks and Processes
Being able to trust your team is the gold standard but introducing a few simple processes ensures that is much harder for someone to abuse your trust. Think about these tips to safeguard your business and keep your trusted relationships strong. Housekeeping Good systems make it easy to understand and hard to hide things. If […]
Staying On Top of an Appointment-based Business
Anyone who runs a business that takes client bookings knows how time-consuming this can be. Technology can increase your engagement with, and accessibility to, your clients while ensuring that you spend your time where it counts – on growing your business. Dealing with changing customer booking habits We all lead faster, busier lives than ever […]
