In this blog post, we’ll offer our best practices for creating reliable management accounts that can empower your business.
By analysing key financial data, such as profit and loss statements and balance sheets, management accounts allow businesses to identify areas for improvement and allocate resources effectively.
The Chief Accounting Officer (CAO) and the Chief Financial Officer (CFO) are two key roles in any company. Although both of these positions hold great responsibility for a firm’s financial health, there are important differences between them. This article will explore those differences to help you determine which role is right for your organisation. It …
Many entrepreneurs opt to personally fulfil their own company’s accountancy responsibilities. This is often in a bid to prevent sensitive financial information from slipping into the wrong hands or simply to preserve complete control. However, if you are currently taking this DIY accounting approach for a small business you are running, you could find that …
CFO vs Accountant, What Does Your Business Need? Read More »
When it comes to running an effective business, there is one character who will be absolutely essential to that business’s day-to-day success: the finance director. But what if you wish to become a finance director yourself? If you have a sharp mind, good analytical skills, and great attention to detail, then this could be the …
A finance director (FD), sometimes known as a finance director consultant, is responsible for managing the financial affairs of a company. They ensure that the company has enough funds to meet its obligations, and they also monitor the company’s cash flow. Financial directors are usually involved in budgeting, forecasting, controlling costs, and ensuring profitability. Their …
Financial controllers play a vital role in the management of a company’s finances. They work to ensure that the company has sufficient funds to meet its obligations and that the company complies with legal requirements, as well as taking charge of overseeing the day-to-day operations of a company. Their responsibilities include managing cash flow, preparing …
What is a financial controller and what do they do? Read More »
When many of us think of the subject of accounting and the question of what exactly it is, our understanding might be limited to just number-crunching and book-balancing. Unless we are an active participant in this career as an accountant, or we have worked closely with accountancy professionals in the past, most of us are …
Taking investment is probably one of the most significant steps in any business owners journey – it’s a huge decision to take someone else’s money to help grow and in turn offer them a stake in your business. Seeking investment is a process that requires a bit of consideration and planning before diving in – …
How to create the ultimate business plan. Where to start, what to include and how to follow it.
Find out the KPIs you should be measuring to keep your business thriving. Including tips on how to embed KPIs into your business strategy.