What's the latest?
Find practical advice, hints and tips to help you grow your small business!
How To Change Your Money Mindset & Increase Your Small Business Profits
I speak to so many small business owners and they all have one thing in common – a fear of their finances! This fear holds them back from exploring opportunities that could increase their profits and stops them from growing. Money Mindset is the relationship we have with and the feelings we have around money. […]
Read More
Can I Prepare My Own Management Accounts?
Management Accounts are a group of reports that can be put together from financial data for any size business. They are used to monitor trends, analyse profitability or to generally just keep an eye on how your business is doing. You can prepare your own Management Accounts, there is no legal reason why you wouldn’t […]
Read More
How Do I Know If I Need a Financial Business Coach?
A Financial Business Coach can help entrepreneurs overcome a range of challenges and give them the tools to succeed financially in their businesses. Coaches tend to work in different ways so it’s important to find one who suits you and your values. You might need a Financial Business Coach if you struggle to understand your […]
Read More
What is a Financial Business Coach?
Hiring a Financial Business Coach or following an online Financial Business Coaching Programme is a great way to help you to focus your business’s financial strategy and make more money! A Financial Business Coach is a professional who uses various techniques, such as exploring money mindset and setting financial goals, to enable a business owner […]
Read More
Excel Shortcuts for Accountants
As one of the most widely used spreadsheet software in the world, Microsoft Excel is an essential tool for accountants and financial professionals. Whether you’re creating financial statements, analysing data, or managing budgets, Excel’s extensive range of features can help you streamline your work and increase efficiency. However, if you’re looking to take your Excel […]
Read More
How to reconcile supplier statements
You should receive account statements from your suppliers every month. It is crucial that these are regularly checked and approved to ensure that overpayments or late payment charges are avoided and that all financial transactions are properly accounted for. Reconciling the accounts payable (or purchase ledger) is done by checking that the balance on […]
Read More
The importance of a realistic month end deadline
We all know how stressful month end can be for a finance team; the purchase and sales invoices all must be posted, banks reconciled, and everything rolled forward before you even start any kind of reporting. It is important that a month end deadline is realistic for the finance team. It is understandable that management […]
Read More
Dealing with payday queries
It’s one of the worst things about being in charge of the payroll. 9.30am on payday a staff member storms into your office – “my pay isn’t right!” and your heart sinks. Is it something you’ve done wrong? Probably not. Calmly ask the employee to clearly explain their query and, if you can’t see what’s […]
Read More
Why Chartered Management Accountants Make the Best Bookkeepers
Chartered management accountants are often hailed as some of the best bookkeepers in the business. But what sets them apart from their peers? Is it simply their expertise in financial management, or is there something more to it? To begin with, chartered management accountants are trained to handle a wide range of financial tasks, from […]
Read More
Should I outsource my Finance Team?
Outsourcing your Finance Team will save you time, money and effort recruiting new staff, allow you to have access to specialists and give your business much more flexibility. It’s an increasingly popular option but has been used successfully for years by many companies just like yours.
Read More
