Insights

Case Study: AMZCO Construction

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...

Case Study: Ecocleen South West

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

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

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

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

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...

Planning for cashflow security

Planning for cashflow security

It’s finally here: the 4th of July, the day the reawakening begins! There’s been all sorts of work to adapt operations to make them “Covid secure” – hand sanitiser, face masks, physical distancing, etc. But as well as the practical/ physical preparations, reopening is...

Make a Plan

Make a Plan

How do you make a plan for the rest of this year? If the last six months have taught us anything it’s that we can’t predict the next twist in the story. So is planning a pointless waste of time? This is the (polite) argument that I’ve been engaged in this week while I...

When it Rains…

When it Rains…

“When it rains, look for rainbows. When it is dark, look for the stars. When it’s raining and dark… you should take care to look where you’re going and consider whether you’re still heading in the right direction” Courtesy of Oscar Wilde, but paraphrased during a...

Why bother with a cashflow forecast?

Why bother with a cashflow forecast?

With CBILS, Bounce Back Loans, VAT deferrals, grants etc there may be more cash in the bank now than ever before and your cashflow is sorted for the next couple months. But what happens after that? Lockdown has probably helped the bank balance with customers paying...

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...

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