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Management Accounts – what are they and do you need them?

Management Reporting – What is it and do you need it?  As a limited company you know that you must file a set of accounts every year, it is a statutory requirement and something that doesn’t seem to provide you much value. You cannot make proactive quick decisions based on historic data that is now probably …

Is forecasting still relevant in uncertain conditions?

If you are always looking in the past, you will limit the insights you can gain. Forecasting switches your focus; it encourages you to take a forward-looking view of your business and to look down the road to identify your future threats and opportunities. This enables you to proactively create a plan for your business’ …

Free Cash flow forecast template

Free cash flow forecast template https://southbourneaccountancy.co.uk/wp-content/uploads/2020/03/5-_-Loom-_-Free-Screen-Video-Recording-Software-5.mp4 It’s critical that you review your current spend levels and establish business critical spend, and if relevant, your cash flow projections.  The anticipated business interruption is expected to be huge across most sectors; most businesses will need to review additional funding options.  I have a created a free to …

Virtual Finance Director – what is one and do you need one?

Virtual Finance Director, VFD, outsourced advisor, management accountant, finance business partner – there are so many names and descriptions to contend with in the finance world, so what is a Virtual Finance Director? Smaller businesses often face the same challenges as larger businesses, but they cannot always afford a full-time Finance Director.  A Virtual Finance …

The Cash in your bank

Cash solves problems, cash is king  What is cashflow?  Snapshot of business finances, it is a picture of money flowing in and out of a business. This picture shows the long-term financial health. You can track this on a weekly, monthly, quarterly or annual basis.   Why is cashflow important?  It enables you to buy supplies, …