Bookkeeping
This is bookkeeping in the 21st century
One thing you shouldn’t do at this stage is think:
“I know! let’s connect the online platform app to the cloud accounting software.”
Chartered Accountants & Business Advisers
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One thing you shouldn’t do at this stage is think:
“I know! let’s connect the online platform app to the cloud accounting software.”
Financial information, allied with non-financial metrics, used sensibly, is at the heart of pretty much every successful business.
If you’re a CEO and you want to upgrade your finance function to match the needs of your business, the thought process to follow is refreshingly simple and as old as the hills
Go after the clients that you want. The interesting work, the good people to work with, the ones your business can make a real difference to. The ones who will appreciate – and pay for – your services. They are out there. Go get them!
All good until it came to getting paid. It turned out that the retailer was happy to pay our client’s invoices somewhere between 90 and 120 days after presentation.
We could see what the cashflow would look like if the money came in late – the day when the overdraft limit would be exceeded and by how much.
“A sprat to catch a mackerel” can easily turn in to a sprat to catch plankton!
The best accounting software in the world can’t compensate for a bad accountant.
Fair play – the two of them had got in touch because they knew something wasn’t right and were reaching out for help.
The closest thing to a silver bullet in credit control is using a direct debit service.
The Customer Timeline is a window into the soul of your customers – use it to get paid quicker and keep your customer accounts in good shape.
There are all sorts of apps and fixed asset modules out there but the simplest way to deal with fixed assets and depreciation is just to get the booking right and then let QuickBooks take care of the rest.
