Cloud accounting is here and becoming more prevalent by the day.
Like so many areas of software, cloud accounting is the direction of travel and soon it will be much less common to see accounting software running on a PC.
There is a lot of investment (and hype) going in to online accounting software solutions but are they the best solution? It seems to me there are two alternatives – hosted or online.
How do you choose?
We hear a lot about slow payments and most of us experience the pain of slow payments, but for one client of ours it caused the death of the company.
VAT – a lot of the time it is as easy as falling off a log, but once you start to trade overseas it can get difficult and it is worth knowing the basics about how it works.
Confused? The following Infographic, courtesy of Sage, might be useful. Continue Reading
The concept of a Gross Profit Officer came out of a brainstorming session with a client of ours in which we looked at how they could make more profit from any given level of sales.
It made sense to us, it will probably work for you, so what is the role of the Gross Profit Officer?
Lots of economic data are pointing to a UK recovery that has probably been going on for some time but no-one told the headline writers.
After five years of risk and uncertainty as we enter a growth phase here is the challenge:
Are you financially fit for the recovery?
Twice this month we did some work with businesses that are beginning to use accounting software for the first time. Both had developed a series of spreadsheets for their accounting which they had long-since outgrown.
That is not all they have in common – astonishingly they are both £1 million turnover organisations!
Good for both of them that they have started to use accounting software but why leave it so late?
This is a “physician – heal thyself” post!
Some time ago I ran a workshop for MDs about good financial management and one of the sessions looked at how costs get embedded in your business and stay there, like fossils, for years and years, eating up cash, when they don’t need to be there at all!
Fossilised costs, we call them.
They exist everywhere and sometimes you need to go on a fossil hunt and clear them out!