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 […]
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, […]
You wouldn’t set out on a long car journey without knowing your destination and the best routes and facilities to get you there, because doing so would waste an awful lot of time and money….. The same applies to your business. If you don’t know what your goal is then you have no target to focus […]
Operation Transformation has well and truly kicked off at this stage. After the season’s indulgences, your body could well do with some TLC. But what about your business? We’ve put together a short 3 step guide to getting your business ready for 2015. Step 1 – Set targets and make a plan. Step 2 – […]
What is cash flow forecasting and how can it help? A cash flow forecast is a predictive tool that estimates the amount of money expected to flow in and out of the business over a specific period of time – usually 12 months. It includes all projected income, anticipated out goings and possible additional funding. […]
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