Management accounts are vitally important for every business.
Not having management accounts is simply not an option and yet we continue to see companies, some with multi-million turnovers, that have nothing like the management information they need to run their businesses.
Organise a management accounts makeover.
Budget 2013 – Now the fanfare has died down and people have worked out that 10,000 pints of beer will be £100 cheaper next year, you may wish to download our Budget Summary and see what it means to you and your business.
There is less politicking and less room to room for manoeuvre this year, which make for a Budget that is at least easier to digest, and some of the headline giveaways are not coming in until 2014/15. Continue Reading
A part time finance director is so often a very good idea for a company simply because for most companies there is no such thing as a full-time finance director.
Two reasons we do not see it happen very often are that MDs may not recognise the value that a part time finance director can bring and, if they do, finding a good one is more difficult than it should be.
We explore the role and responsibilities of the part time FD and how we can help you if you need one.
In many businesses there is a gap between the day-to-day bookkeeping and the information the management team needs to understand, measure and improve performance.
The gap might be created for good reasons but the bigger the company gets and the faster it grows – the more this gap will act as a drag on profits. Continue Reading
If you are used to filing Companies House forms then you probably use the online tools that are available and it’s all very easy.
However, if you only file information infrequently it doesn’t look so straight forward and the penalties regime can now make it expensive to miss deadlines. Continue Reading
You might have a part-time bookkeeper or several staff reporting into an FD.
You might outsource everything to a firm of accountants or you might do your own books.
Whoever does the job, there is one question you need to ask:
Is your finance team fit for purpose? Continue Reading
Financial information is the lifeblood of every business.
With good, up to date financial information you can make sensible decisions, change what is not working, get early warning of problems and track the results of your business.
Anything less than good financial information will hold you back, sometimes disastrously.
So what financial information do you need and how can you get it?