Top Eight Tips for Accurate Cash Flow Forecasting
Do you want to know how your business and cash will perform in the future? Apply the following methods to improve your cash forecasting. Forecasting your company’s cash flow helps
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Four Tips for Improving Your Decision Making Process
Making the best choice for your business can often prove challenging. Luckily, there are ways to make your decision making skills better. People who can make the right decision at
Cash Flow 101: 6 Key Terms You Need to Know
Cash flow is the lifeblood of your business. It’s what allows you to pay employees, suppliers, and other creditors on time so that you can continue doing business. However, many
Do I Need a Finance Director? A Guide to Making Informed Business Decisions
Introduction:As a business owner, you may already have a finance team or an outsourced accountant/bookkeeper to handle your financial matters. However, there comes a point in your business journey where
Do I need an accountant?
Introduction When it comes to running a business, managing finances can be a complex and time-consuming task. From ensuring compliance with regulations with HMRC and Companies House, to maximising tax
The importance of bookkeeping for all businesses
Whilst it’s an unusual topic for an outsourced finance director to talk about, the importance of accurate bookkeeping for all business should not be underestimated. Bookkeeping is the fundamental foundation
Impactful reporting: A management reporting framework for success
Many business owners are familiar with the need for a profit and loss account and balance sheet reporting. However, fewer may understand the value of creating a management reporting framework
Strategic Financial Management for your Manufacturing Business
Running a manufacturing business is complex and keeping control of the finances is no exception. Although most manufacturing business owners understand the need for compliance and financial accounting, the benefits
How can I reduce business costs?
As business owners, how much profit we make is key to whether our business is viable or not. There are several ways to determine if your business is successful but
How does an accountant help with business decisions?
When starting a business or in fact at any stage of a business, finances have a huge impact on our decisions. Some business owners start with very little or even
What qualifications should an accountant have? (UK Accountants)
Accountants support businesses with their money and maximise profits, as well as offering financial advice. A good accountant can be an integral part of a business. There are so many
How much should I charge for my services?
Or, “What prices should I charge for my goods or services?” This is a simple question, and one that the majority of business owners will ask, and the answer changing
Why choose Xero for accounting?
Whilst there are plenty of accounting tools available, at Logical BI we are big fans of XERO, and it’s very much our tool of choice. In this article we tell
What is a Portfolio Finance Director?
A Portfolio Finance Director (‘FD’) can be an integral part of a business. The Portfolio FD operates the same as a Finance Director but on a part-time basis. They create
What is the Difference Between an Accountant and a CFO?
I’m frequently asked this question, here’s my take on it. Whilst Chief Financial Officers (CFO’s) and accountants may overlap in some of their skills, especially in smaller businesses, they generally
Did You Know Logistics Can Increase Sales and Reduce Costs
A great logistics operation can provide opportunities for improving sales and financial performance. Resulting in a POSITIVE impact on profit. Logistics is no longer just an operational necessity Logistics can
Small Businesses Need Help and Guidance Too
I strongly believe that local businesses are at the financial heart of the community. That’s why I have packages that help smaller businesses tap into my expertise without the need