Financial Accounting vs Management Accounting – What UK SMEs Should Know
Introduction I often meet founders who say, “We’ve got our year-end accounts, but we still don’t know if we can afford to hire in a few months.” This is where understanding financial accounting vs management accounting really matters. While financial accounts look backwards to keep you compliant, management accounts look forward, giving you the insight […]
Late Payment in the Construction Industry: How to Protect Your Business and Boost Cash Flow
Late payment in construction industry projects is more than just a headache; it may cause relationships to suffer, projects to fail, and your company’s cash flow to be blocked. Waiting weeks or even months to be paid puts strain on your ability to pay employees, cover expenditures, and take on new projects, regardless of whether […]
What Should You Expect from A Good Accountant?
Today, any accountant will have your compliance work sorted (and if not, that’s a real problem!). Long gone are the days where your accountant prepared just your VAT Returns, last year’s accounts and last year’s tax returns. Today, a proactive accountant will also help you with the strategic side of your business. This work is […]
How to raise your prices?
As prices continue to rise, you’ve likely noticed that your cost of doing business has increased as well. With that in mind, you may be considering raising your prices – as you should. After all, the main point of any business is to make money, and you can’t do that if you’re no longer breaking […]
