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 […]

How can gym management software help your business grow?

How can gym management software help your business grow?  Whether you own a fitness facility or are considering opening one, choosing the right gym management software is key. Gym management software is not only for gyms but also, fitness studios, clubs, PT’s, dance studios, yoga studios, personal trainers etc.   It offers an all-in-one software solution to run your business efficiently. As a fitness entrepreneur you often end […]

Why a cheap accountant is not the answer to your dreams!

Why a cheap accountant may not be the answer to all your dreams!  So you have decided to delegate your business finances, this can be quite daunting as you might feel like you are losing control. You need to trust the person you are passing the baton to, trust that they will do a good job, keep you […]

How to get the most out of Xero from the start.

When you start using Xero, you’ll wonder how you ever managed without it.  We’re big fans here at Southbourne Accountancy and know how happy clients are when they can see their cash flow situation whenever they want, send online invoices, pay bills and run their businesses more effectively.  While we set up the basics for […]

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’ […]

8 things to outsource in your business

Top 8 things to outsource in your business  Are you looking to scale your business? Then you will need to work more “on it” and less “in it”. Thanks Michael E.Gerber for that snippet of advice! But how can you do that if there are only 24 hours in a day? You need to find a way […]

What does Coronavirus and hair have to do with mindset?

What does coronavirus and hair have to do with mindset? During the lockdown I am sure you have either complained about your hair or seen other people sporting some home cuts on Zoom. The point is that you wouldn’t normally notice how fast your hair grows. As it is constantly growing a tiny amount at […]

Why businesses fail without good bookkeeping

Why businesses fail without good bookkeeping Don’t drive your business blindly – ensure your business is viable.   Bookkeeping is the recording and classifying all the financial transactions in your business. It’s keeping track of what your business spends and what your business receives  Excellent bookkeeping is essential to any business and contributes to one of […]

The top 7 mistakes that Fitness Businesses are making

The top 7 mistakes fitness businesses are making In the current climate we may be feeling scared, worried, and unsure if we should be marketing our businesses. The truth is that to keep the economy moving we do need businesses to keep selling and for people to keep buying. Even if we are feeling scared […]