5 Secrets Your Accountant And Bookkeeper Wish You Knew
5 Secrets Your Accountant And Bookkeeper Wish You Knew We’ve compiled a top 5 list of the most common secrets we wish that you knew to help you save time & money in your business, and get the most out of our services. 1. Double Data Entry Double data entry means entering data from one […]
Stock Turnover Ratio & Business Efficiency – Why It Matters
Stock Turnover Ratio & Business Efficiency – Why It Matters The Stock Turnover Ratio is a key financial metric that helps investors and analysts assess how efficiently a company manages its inventory. It measures how many times stock is sold and replaced within a given period—whether annually, quarterly, or monthly. Stock Turnover Ratio Formula Cost […]
Revenue & Profit Per Employee – Are You Getting Your ROI?
Revenue & Profit Per Employee – Are You Getting Your ROI? Your business exists to be successful—to provide you with the financial freedom and lifestyle you want. But how do you measure success beyond just turnover and profit, especially if you’re a smaller business without a specialist finance team? These metrics are easy to calculate […]
Debtor Days – It’s About More Money In Your Bank Account
Debtor Days – It’s About More Money In Your Bank Account The thing to remember about Debtors is that it is interest free money you are lending to your customers. The Debtor Days Ratio (DDR) is an easy way to track this. There is more than one formula that you can use to calculate the […]
Cash Flow Is Not Your Bank Balance
Cash Flow Is Not Your Bank Balance Your bank balance is just a snapshot—a moment in time. Cash flow, on the other hand, is the movement of cash in and out of your business. Understanding this flow is crucial to ensuring you don’t run out of cash and always have a buffer to cover your […]
Creditor Days: An Interest-Free Overdraft for Your Business?
Creditor Days: An Interest-Free Overdraft for Your Business? Ever feel like your business is constantly short on cash? One of the biggest hidden sources of funding is sitting right in front of you: your supplier payment terms. Also known as Payable Days or Days Payable Outstanding (DPO). It is a financial ratio that measures the […]
Cash to Cash Cycle – Cash Days Ratio
Cash to Cash Cycle – Cash Days Ratio Cash is the life blood of any business, so it is important to get into the habit of controlling your cash cycle as soon as possible. The basic rules are: get paid by your customers as quickly as possible, and delay payment to suppliers & workers for […]
Why does your manufacturing company struggle to make a profit?
Why does your manufacturing company struggle to make a profit? Does your manufacturing company struggle to make the profit you want? In our work we see some of the problems described below: 1. Pricing Many engineering & manufacturing businesses work on a cost-plus basis, working out the costs of manufacturing, associated overheads, adding what they […]
Your Own Growth Virtual Finance Director
Your Own Growth Virtual Finance Director Did you start your business from the kitchen table, or equivalent like many people do, based on your technical skills? As it transitions from a small business into a larger business you can see it faces different challenges, such as introducing new team’s, re-defining processes, implementing new processes & adhering […]
What Are Management Accounts And Why Do I Need Them?
What Are Management Accounts And Why Do I Need Them? “What gets measured gets managed” – But what exactly does that mean? If you’re running a business, it is vital that you have proper measurement reporting & tools, that you understand in place, so you can quickly & easily see where you are now & […]
