Insights
SOS – help managing cashflows in distress?
The saying "Cash is King" is very true: profit doesn't pay the bills. But that doesn't help when there just isn't enough cash to go round and you need help with managing cashflow and getting out of trouble. This is the final instalment in a series of posts that I...
Making the most of cash
Generally people only think about cashflow when there is a shortage of cash in the bank to pay the bills. But what happens if you find your business with surplus cash in the bank? For some businesses at present that is a very real possibility, either because the...
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 it for small...
Case Study: AMZCO Construction
AMZCO Construction specialises in building and maintaining anaerobic digestion plants. They work on a small number of complex, multi million pound projects meaning that it is vital that they have timely, reliable information to help keep control of the finances. On...
Get more information from your accounts
Why is it that all year end accounts look the same? Does that reflect the information that readers need? Accounting regulations are massively complicated and I am not disputing the need for that; it is important to make sure that any two sets of accounts can be...
Case Study: Ecocleen South West
I was introduced to Ecocleen South West and the owner Jim Humphrey by his accountant in 2018. The business was growing exponentially but there was not enough information available to track profitability and manage cashflow. Initially quarterly bookkeeping (in Xero)...
Closing date for CBILS applications
Right now (mid September 2020) the media are shouting about the end of the furlough scheme, but the closing date for applications to the CBILS scheme at the end of this month seems to be slipping by with less interest. Most businesses that I come across have taken...
Cashflow First Aid
Previously I have talked about the importance of having a cashflow forecast, and how to get started creating one. Next in my series of posts about cashflow is my top tips for first aid for when that forecast is looking gloomy. 1. Good decisions need good data You...
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 accounts...
Case Study: Cooper Golding Ltd
I have been working with Cooper Golding since 2018, supporting owner Paula Golby manage her growing business as she moved form strength to strength as a result of her focus on high quality, tailored recruitment services. With multiple customers and revenue streams...
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