It’s all about the bookkeeping! There’s an old Irish saying – “Tus maith, leath na hoibre” which translates to “a good start means half the work” and this is so true when it comes to accountancy and bookkeeping. If books and records are maintained on a regular basis, then the figures are always easily and
Having no cash will land a business in trouble – even a profitable one. Unfortunately, profitable businesses aren’t exempt from the necessity of maintaining healthy cash flow. There’s a reason the phrase ‘cash is king’ exists. The King doesn’t get demoted the minute profit steps up to the throne.
Growth Sucks Cash – Ideas To Tame The Monster No matter how profitable you are or how your business model might be the best out there or even how many outside supporters and investors you have interested in your business; if you’re not able to manage your cash flow successfully, your company will not survive.
Getting cashflow and financial projections right for 2018 In the business world, cash is king. So, knowing where your cash is, or where it’s going is obviously hugely important. Cash flow issues are unfortunately hugely prominent, but you can make sure you stay out of the trap by following a few simple rules. Your cash
The Food Business Profit & Loss Account We deal with a considerable number of food businesses. One of the things that we always stress (and with all business owners for that matter) is to understand the profitability of your business. To know whether or not your business model is profitable is essential and not something
Cashflow – How to help yourself! Last week we looked at the difference between cash and profits and arrived at the very sound conclusion…..they are not the same thing! We also determined that Cash is King! So armed with this knowledge what can we do as business owners to help improve our Cash Flow. Your
Cash is King……..but it’s not Profit! When any business owner gets their monthly (hopefully!) or annual Accounts the first number that they scroll towards is the profit number. This is generally followed by the question……where is all the cash? How can I have made a profit if I don’t have any cash! Cash generated and
Bookkeeping and Financial Control Mistakes to avoid! Outside of the actual product or service your business is selling poor financial control and management can often by a cause of business failure. It is essential from the outset of your business that you invest the time and resources to ensure that there is good financial control.