Bonuses the good the bad and the downright ugly

LinkedinGoogle+FacebookTwitterIt is people’s abilities and behaviours that drive business success.  While training, leadership and motivation are critical to success, bonuses can also help improve performance. However, the impact of bonuses can be good, bad or downright ugly: One client who operated a number of depots was having problems in promptly collecting money from customers. The credit […]

Greece – Wheres the accountability?

LinkedinGoogle+FacebookTwitterOver the past few weeks I’ve heard mutterings about Greece fiddling its figures in order to gain entry to the Euro and the sentiments in this blog crossed my mind at the time. However suggestions of fraud (or similar) should not be taken lightly and I decided to keep my thoughts to myself. Mutterings are […]

Put your head in the Cloud – but keep your feet on the ground!

LinkedinGoogle+FacebookTwitterA lot of the work I do is around the information that comes out of a computer or the processes before data is entered. What happens in between is to me, quite frankly, a bit of a dark art. I recently attended a seminar Cloud Accounting for the 21st Century Debunking The Myths hosted by […]

Double dip or not – 5 tips for steering through uncertain conditions

LinkedinGoogle+FacebookTwitterWhen the credit crunch hit I was struck by how many businesses adopted a slash and burn mentality. Doubtless many businesses had been complacent and there was fat that could be trimmed, but also there was a reluctance to spend money on the things that would take them forward, whether it was marketing, skills, IT […]

News of the World – an unanswered question

LinkedinGoogle+FacebookTwitterMy initial reaction to the recent News of the World revelations was that the people at the top must take responsibility.  I took the view that senior management are ultimately responsible for the organisation’s culture and when there is a serious breach of ethics they should resign. As mentioned in my last blog I have […]

Is audit an emotive term?

LinkedinGoogle+FacebookTwitterFor many people their experience of audits is of external audit, which to a large extent is a forced purchase required by law. For the uninitiated an external audit is carried out by an independent firm of accountants and its main focus is forming a view on whether the annual accounts give a true and […]

Sustainability isn’t just for eco geeks

LinkedinGoogle+FacebookTwitterI am not one to jump on bandwagons.  Buzz words do nothing for me. However I do also look to improve the way things can be done. I recently attended an excellent event hosted by Knowledge Peers “Sustainability: Win in Business”, the speakers included small business owners who have applied sustainability in their business, consultants […]

Benefits and pitfalls of invoice discounting

LinkedinGoogle+FacebookTwitter Invoice finance is an increasingly popular form of funding. To some extent it’s been associated with distressed businesses, but it can also be a good way of funding growth. What is invoice finance? In broad terms the funder provides finance up to an agreed percentage of outstanding customer balances. Typically cash can be advanced […]

How fraud prevention can improve profits and cash flow

LinkedinGoogle+FacebookTwitterIn my last blog I spoke about the increased risk of fraud in the current climate and the challenges of SMEs in preventing fraud.  Whilst businesses can thrive on friendliness, informality can also result in loose procedures that leave a business exposed to fraud or error.  Here are some tips which should not only help […]

Fraud could your business win the lottery?

LinkedinGoogle+FacebookTwitterWhilst we are technically past recession and (depending what commentator you listen to) things are looking up, in reality things are still tough for many businesses and there could well be a few bumps and scrapes on the way to recovery. Many businesses’ main concerns are about generating business, managing costs and the bank balance.  […]