Update: Winter Economy Plan

Update: Winter Economy Plan

With the furlough scheme closing and deadlines coming up for applications for government backed loans the Chancellor’s statement about the next round of support for businesses struggling with the impact of Coronavirus was hotly anticipated. But what’s in...
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Good management accounts

Financial Direction is about using good management accounts to improve profits and cashflow. That’s a pretty big claim, so what do I really mean? Xero produces management reports for you (other software packages are available). They look very similar to the...
What makes good management accounts?

What makes good management accounts?

Usually management accounts look very similar to the set of accounts that you get at the end of the tax year, but on a more regular basis – usually monthly – and in more detail. Most cloud accounting software produces all these reports, so surely that’s enough? In...
What makes good management accounts?

Covid-19 support navigator

At the time of writing the lockdown has been in force for 6 weeks, and in that time there have been a myriad of support packages (and revisions) announced by the government in an attempt to keep businesses in business. It has been a constant struggle to try to stay up...