As a business owner, you know that you need an accountant. After all, who will do your taxes at the end of the year without a numbers whizz? But then, the term bookkeeper gets thrown in the mix… what do they do? Bookkeepers and accountants both look after the various aspects of your business finances. […]
Being savvy with your finances is at the heart of every successful business. To make your finances work there are some key elements that you need to make use of. A financial forecast is one of those things. A financial forecast is an essential tool for any business. It predicts your future financial state, tells […]
The struggle is familiar for many business owners, entrepreneurs, and freelancers – how do I balance work and home life? It is an age-old question that seems hard to find an answer to! Especially if your business is starting to take off, maybe you are recruiting a bigger team, seeing a steady increase in business, […]
Money is a funny thing. You can love it, you know you need it, sometimes there isn’t enough of it to go around, and sometimes you hate it. Many people have the dream of being rich. Often, people go into business or choose a certain role to make their fortune. But it doesn’t always work […]
Do you have clients or customers who are not paying their bills on time? This can be one of the more awkward things about running a business. It can also have negative impacts on day-to-day operations if cash flow is constantly tight, especially in small businesses. But what can you do about it? How can […]
Sales are the lifeblood of every business. After all, if you aren’t getting paid, then you aren’t running a successful business! So it stands to reason that every business could do with more sales. However, sales don’t simply fall in your lap. The market across most industries is only getting more and more competitive. So, […]
Do I need an accountant or a bookkeeper? Do they do the same thing? Don’t they work in competition with each other? These are questions that we get asked all the time. To be perfectly honest, accountants love it when you have a bookkeeper. The jobs each profession do are completely different, but do work […]
Does anyone really love doing their tax returns? If you are self-employed or running a small business (or planning to in the future), you have no doubt considered whether you should outsource your tax returns. Surely it can’t be too hard right? It’s just one little form… Wrong! A quick online search or a chat […]
Financial reports can be a bit overwhelming. With columns of numbers everywhere, coding, and subtotals, it is hard to decipher what they all mean. But your profit and loss statement is a pretty key report to understand. If you only learn about one aspect of financial reporting, then your P&L is a good place to […]
With summer settling in and the new year around the corner, many businesses may be facing their slump season. Cash flow can slow down over the warmer months while people are on holiday or facing empty wallets after a Christmas blow out. With the right planning, foresight and management, the quiet season doesn’t have to […]