Accurate and up-to-date finance reports helps you monitor the health of your business, and spot any areas which might need attention. Use our free resources to learn more about financial reporting for your business. Keep an eye on your Profit & Loss, track payables to avoid unwanted surprises, and gain useful insight maximise efficiency.
Maintaining the financial side of a business can be a delicate balancing act, no matter how great your products or services are. Even in businesses with a high volume of sales, lack of financial management could see you end up with a serious cash flow problem. If you don’t know where you stand with exactly…
When you manage your own business, it can be hard to keep track of suppliers and make sure you’re getting the best deals throughout your supply chain. One thing you’ll want to see as part of this is a ‘positive’ cash flow. This simply means there’s more cash coming into your business than there is…
To properly grasp how well your business is doing, you’ll need to produce a few different financial documents – one of them being a balance sheet. While any type of financial reporting can feel intimidating at first, your balance sheet is a useful tool which can help you understand your business’s financial health. Let’s explore…
Running a charity is an exciting prospect, but charity accounting can be a little tricky to understand. They have different rules and regulations compared to ‘normal’ businesses – especially when it comes to managing things like restrictive funds. For context, if you run a charity with one or more restrictive funds, you need to show…
Becoming a self-employed contractor is a huge step in your career, especially if you’re moving away from the relative comfort of employment. You might feel a bit nervous, but this is such an exciting time with the freedom to set your own hours, focus on projects you feel passionate about, or even decline work. And…
