To be able to run a company efficiently and with minimal risk, a manager needs information about the business on a daily or short-term basis. Financial accounting provides information for the long term, whereas Read more
Monthly Archives: February 2015
What are the benefits of Key Performance Indicators in business?
Setting Key Performance Indicators (KPIs) will help with measuring the growth and development of a commercial enterprise. KPIs compare performance against targets, providing information about how or why Read more
How plant hire benchmarking can help your company
Plant hire companies supply equipment to firms in the construction and building industry around the UK. It is important for businesses in this branch of the hire sector to know that they are offering the very best in equipment, sales and service, so that they can Read more
Five biggest reasons to outsource accounting
Many years ago, outsourcing was often viewed as something that only the larger companies would implement. However, an increasing number of smaller firms are realising that outsourcing can save money, in addition to Read more
How to prepare for the end of year audit
End of year auditing procedures can be daunting, especially if this is your first business. In very simple terms, the audit is to analyse the performance of the company in the previous year and carry out checks to make sure your financial practices are Read more
Top tips for keeping business records in order
Maintaining business records may seem like a daunting task, especially to the owner of a new company. However, accurate and timely record keeping will provide up-to-the-minute financial details and prevent any penalties being issued by Read more
What makes a good accountant?
Once you make the decision to outsource to an accountant, you want to select the right one for your business. An accountant who is qualified is an obvious starting point, but what about the other qualities that can make a professional in this field a Read more
Four better things for business owners to focus on than bookkeeping
Small business owners are often tasked with dealing with all aspects of running and building a company, with not enough hours during the day.
As the owner of a small company, you will probably find Read more
What can SMEs learn from the financial mistakes of large corporations?
All business owners will make mistakes with their finances, especially during the early days of the company becoming established. While most will learn from their misjudgements and move on, some financial errors can affect the future of a business in the long term, and even Read more
How properly regulating your finances can help your business grow
Running a business provides many challenges, especially as you start to develop and grow your company. As the venture expands, you will face new trials that require different solutions, which can lead to avoidable errors. Finance is especially important during Read more