Jul 18, 2021 | Budgeting, Business performance, management accounting, Self employed
My question to answer today is What turnover means in business. It doesn’t help you that there are different terms for turnover, for example revenue, sales, and takings. In this short blog-vlog I will Tell you what turnover is How to calculate it Why turnover is...
May 23, 2021 | Budgeting, Business Success, Cashflow and lockdown, Cloud Accounting, Credit control, management accounting, Money, Xero
In this short vlog-blog I am going to share Five tips on how to manage your cashflow, Why your business needs cash Firstly what is cash? In other words what gets paid into your bank account, it’s factual, and is the lifeblood of your business. Secondly, why do we...
May 16, 2021 | Accountancy, Budgeting, Business performance, Business planning, Cashflow and lockdown, management accounting, Money, Profit, Self employed
Do you know What is the difference between cash and profit ? The majority of the time, people think that businesses only need to be profitable for them to last. But even the most profitable businesses go under, and often for a single reason. It’s because the people...
May 2, 2021 | Budgeting, Business Start Up Growth, Cashflow and lockdown, Cloud Accounting, management accounting, Money, Not For Profit Support
Do you want to know How to change your attitude towards money in your business? It’s natural to be thinking about money, talking about money, and planning what you’re going to do when you make money. But let me ask you a question! How often do you look at...
Apr 11, 2021 | Accountancy, Budgeting, Business planning, Businesses & Brexit, Cashflow and lockdown, Creative Sector, management accounting, Money, Not For Profit Organisations, Self employed, Tax
You are here because you want to know Should you pay off your Bounce Back Loan . Many of you would have already received some notices from your bank advising you that your Bounce Back Loans are coming up for repayment. A key question is should you pay them back now?...
Mar 21, 2021 | Business planning, Business survival, management accounting, Money, Not For Profit Support
How operational gearing affects your business Do you know How operational gearing affects your business? In a nutshell it shows much risk you have, and affects your survival, growth, and prosperity. What is operational gearing? Firstly, let us talk terms. Operational...