Blog
Furlough’s back…… Back again…….
With the rules changing with regards to Furlough, it is essential to know what you can and cannot do. We have a detailed breakdown of the do's and don'ts below. Please get in touch for more information. If you need help understanding the calculations, then get in...
Do you need a quick and easy POS System?!?!
Do you require a quick, efficient, reliable POS system to speed up your business and provide results? Look no further than iZettle. iZettle will take payments, track sales, manage stock and produce detailed reports with its modern point-of-sale (POS) system. Quick to...
Do you have a sensible exit strategy??
There are many methods to go about exiting a company, all of which have pros and cons. When creating a company, it’s important to consider all potential exit options for several reasons: Ensuring other shareholder’s aims are maintained Maintaining the value of the...
The Purpose of Forecasting
Forecasting in the simplest terms is a business’s way of predicting the future using mainly historical data as the input. Just as a weather forecast allows you to plan your outfit for the day ahead, a business forecast enables the organisation to prepare for the...
Real-time accounting
What are some of the benefits of real-time accounting? 1. Due to removing the step in the accounting process of manual transaction logs in the general ledger, time and cost can be saved by decreasing amount of manual jobs of an accountant. 2. By having up to date...
Cashflow management
Cashflow management is necessary for any business. Depending on the industry in which you operate, the cash conversion cycle (time it takes for the cash to come back to you once used for inventory) may be shorter or longer meaning appropriate planning is needed for...
Cloud Accounting – Save Time and Money
Cloud accounting enables businesses to manage their book keeping online, through the use of software which stores data and records through the internet. The benefits of cloud accounting include saving time and money, enabling the business to be run from anywhere at...
ABC vs Traditional costing methods
Costing issues are often incorrectly misconstrued as merely an issue of the manufacturing industry, whereas they also concern others. The most popular method of costing is the Traditional Costing method due to its simplicity. However due to the current ever-evolving...
Project management
Project management is important for companies to use to make sure that their projects meet pre-established goals (cost, time, and quality objectives). Project management can use a combination of technique and systems to control, monitor and coordinate the project....
Extraction of Funds – Dividend vs Salary
If you are establishing a new business or you are already a director and owner of a new company, it is vital to consider tax implications and the most effective methods of extracting funds from your business. You must also consider which trading formats are available...