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

car

When 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 [...]

Is audit an emotive term?

For 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 [...]

How fraud prevention can improve profits and cash flow

In 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 [...]

Management accounts: are beans part of your recipe for success?

As mentioned in my previous blog the eyes of many small business owners can glaze over at the thought of looking at a set of accounts. I can sympathise – going through lots of badly laid out and sometimes unimportant information is not appealing!  As a numbers person I can handle it, but for non [...]

Accounts: boring bureaucracy or an essential business tool?

I have spoken to a number of owners of small businesses whose eyes glaze over at the thought of looking at a set of accounts. Conversely (perhaps sadly) the eyes of accountants often light up at the sight of a set of accounts. Well accounts may be boring but ignore them at your peril! Accounts [...]