News

02Jun 2015

Are KPI’s a Waste Of Time? By Brenda Jordan ACMA CGMA BBS,  CEO CloudKPI and Accounting for Growth. “KPI’S ARE A WASTE OF TIME!” This clearly is not my opinion, but that of a very highly respected partner in a large accountancy practice whom I met recently. Contrasted with my fervent belief in the power […]

20May 2015

Why should you (or us as accountants) care about a little waste here and there? Customers pay for added value – not wasteful activities. Your overheads affect your profit. Every non direct cost is crammed into your overheads. Reduce these and your profit increases. “We’re grand so, there’s no waste in our business” I hear […]

18May 2015

ANSWERS TO QUICK QUIZ FROM OUR NEWSLETTER – MAY 2015: Q1: A widget cost me €75 and I sell it for €150, what is my gross profit margin? A. 75% B. 50% ? C. 100% – This is my Mark Up Q2: I need short term finance (2 weeks) to buy stock. Which of these is […]

14May 2015

To become more competitive, employers are constantly seeking new ways to cut costs. Some are taking on workers as self-employed contractors rather than employees. This yields substantial savings for the company but needs to be used with caution. There is no statutory definition of an employee – the authorities use a series of tests/questions where […]

30Apr 2015

The Importance of Keeping Good Financial Records. A successful business relies, not only on solid cash flow, but also on sound record keeping practices. Without up-to-date records it is impossible to determine the financial condition or profitability of your business. And you may not be aware, but; 1. Failing to maintain proper records is, in […]

30Apr 2015

Failure to Keep Good Financial Records is a Costly Mistake. The Importance of Keeping Good Financial Records. A successful business relies, not only on solid cash flow, but also on sound record keeping practices. Without up-to-date records it is impossible to determine the financial condition or profitability of your business. And you may not be […]

23Apr 2015

All proactive SMEs look for the most effective ways to to boost profits and improve efficiencies and we excel when helping them to achieve this by utilising Cost Accounting and Lean Techniques. Cost Accounting tracks and analyses costs for all business operations in order to eliminate the non-value-adding activities and improve productivity. With this approach, […]

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