Category: Accountancy

Why You Might Change Accountants

Posted on 24 Nov, 2012

If your business has a long-term relationship with an accountant, it is natural to resist the idea of change. It is always easier to retain already existing relationships and procedures than it is to try something new. There is no question, however, that as a[...]

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Managing vs Outsourcing Your Sales Ledger

Posted on 16 Nov, 2012

Sales ledger management is a business function which many small companies find difficult. The project management skills required to perform credit control functions adequately do not necessarily form part of the competencies required for entrepreneurs to start a business. For this reason, many start up companies choose to outsource their sales ledger, with the most […]

Other Services That an Invoice Finance Company Can Provide

Posted on 26 Oct, 2012

The benefits which can be experienced from an invoice finance arrangement are not always limited simply to an immediate injection of cash. Whilst most businesses use invoice finance companies solely to help smooth over cashflow issues, there are a number of other useful services which can be provided to businesses seeking to improve their accountancy […]

Profit and Loss Accounts

Posted on 23 Oct, 2012

Small business owners operating in today’s economic climate owe it to themselves to utilise every financial tool available to them. Whilst many businesses will keep an up to date budget, fewer use profit and loss measurements to help them understand the way in which their finances are working. Despite this, a profit and loss statement […]

What Outsourcing Your Bookkeeping Really Means

Posted on 24 Jul, 2012

For many businesses, outsourcing ancillary functions such as accountancy and bookkeeping can seem immediately attractive. It is important, however, to properly analyse the advantages and disadvantages of such a significant shift before making any final decisions. The most obvious advantage of outsourcing a business’ accountancy function is simply the saving in cost. Most small to […]

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