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.
This year we’ve seen big changes in several banking institutions, a volatile stock market and consistent interest rate rises from the Bank of England. In these uncertain economic times, we believe it’s more important than ever for businesses to plan ahead financially and be aware of risk. As we all know, the business world is …
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 …
Working as a Chief Financial Officer (CFO) is an exciting, rewarding opportunity to lead a company’s financial operations, have a major impact on the future of the business, and implement real change. Whether an internal appointment or outsourced CFO services, the CFO is responsible for overseeing the financial activities of an organisation, including budgeting, forecasting, …
What Is A Chief Financial Officer: A Day In The Life Read More »
Running a business in today’s economy can be challenging and complex, and the financial decisions you make can mean the difference between success – and a company that grows, thrives, and evolves – and the very real risk of failure. Knowing which finance role to choose for your business is essential, and can have a …
Head Of Finance Or Finance Manager: Which Is Best For My Business? Read More »
Last year, female entrepreneurship grew significantly with women starting up more businesses than ever before and yet, there are only 2000 female entrepreneurs in the UK that have raised over £1M of VC funding. Out of these 2000 female entrepreneurs is Sarah Bolt of Forth. Forth is an award-winning digital health business who are leading …
International Womens Day 2023: A celebration of female entrepreneurship Read More »
Software as a Service (SaaS) and technology businesses require heavy investment and the ability to scale. Having an outsourced Chief Financial Officer (CFO) or finance function will help to properly support the metrics needed to present to potential investors, and once you get investment, your business can begin to scale. “In the early days of …
Why should tech companies outsource their CFO and other finance functions Read More »
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 »
Citing 2021 U.S. Bureau of Labor Statistics data, Investopedia reports that about 20% of new businesses fail within two years of opening. Meanwhile, 45% fail during the first five years, and 65% don’t make it to their tenth year. Just 25% of new businesses last at least 15 years. How can you increase your start-up’s …
Business Growth Strategies For Start-Up Businesses Read More »
A key element of a successful business is understanding the best ways that your business can grow, evolve, and develop – and this includes understanding the basics of growth strategies. The most common way to think about growth strategies is in terms of how you will increase sales or revenue. This is often referred to …
Which Growth Strategies Will Work For My Business? Read More »
Identifying opportunities for growth and development is a crucial element of running a successful business, and taking things to the next level. In practice, however, this can be easier said than done; being able to spot opportunities for growth is a skill, and one that needs to be honed and practised over time. Fortunately for …
How To Identify Growth Opportunities In Business Read More »