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How a good accountant can help minimise tight cash flow
You know money is coming in, and it is also definitely going out – but for some reason you don’t feel like the business is actually running a profit. This could be because there are cash blockages in your working capital cycle (WCC), and it is important that you identify these before they become a large burden on your daily business operations.
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How to apply for a bank business loan—maximising chances for funding
Most businesses will need bank funding at one time or another – whether it is to purchase new plant and equipment, move to larger premises, or employ more staff. Read on for tips that can help maximise your chances of success.
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Critical financial accounting tools for business decision-making
Taken together, the balance sheet and profit and loss statement represent a complete financial picture of a company and provide valuable “decision-relevant” information. Ratio analysis, in particular, is a useful management tool that can help improve your understanding of how well your business is performing financially and can be used to spot trends over time.
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Should your business accountant be sitting on your governance board?
High performing boards often employ an independent adviser who can bring discipline, experience and objectivity. And certainly having the external accountant or company lawyer on the board is common; but it is important to remember that these professionals should act in an advisory role with a ‘big picture’ or business focus.
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4 Reasons to Employ a Virtual Financial Controller
For most SMEs, having a full time CFO in place is often not a reality – particularly one that can provide strategic thinking, progression and profitability. So here are the four main reasons that implementing a virtual financial controller (VCFO) is a viable option to help your business grow.