We have been expecting our rent to be increased because our building is being partially refurbished, but a 100% increase, to be implemented in one month’s time, was not what we were expecting at all.
What to do?
Archive for the ‘Diary of an owner managed business’ Category
Proof of Profit
Companies have transactions that they repeat daily, monthly and throughout the year from which they make money. But do they make the money they think they’re making every time? Continue Reading
Management accounts makeover – clarity is everything
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.
Sounds familiar?
Organise a management accounts makeover.
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EU late payment directive – this has teeth, so bite back
The EU late payment directive comes into force on March 16, 2013. Unlike much of the support for late payment this legislation appears to have teeth, so you should use it to bite back.
But make sure you pay your creditors in good time!
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Cloud accounting software – is the price right?
Cloud accounting software is becoming more widely used each day, along with all sorts of other cloud-based software. And there is no doubt that the future of most software will be in the cloud and not based on the desktop.
In a previous post on cloud accounting software I commented on price and in particular the problems that desktop software providers had if they also launched a cloud version.
Looking again at the market, the price just does not feel right.
Budget 2013 – what it all adds up to. Download our Budget Summary
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
Five tips to improve your sales invoicing
Sales invoicing is vital whatever you are selling: you have to get your invoices out to customers in good time or face ongoing cashflow difficulties that could make you go bust. Continue Reading
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