This diagram shows the average number of days this business is taking to collect from its customers (green or top line), as well as the average number of days it is taking to pay its suppliers (red or bottom line).…
by Sue Hirst – Director, CFO On-Call I recently met with an accountant in his early 50s who said he felt like he was ‘over the hill’ for many people looking to recruit an accountant.
By Sue Hirst – Director of CFO On-Call Some customers will use you as a bank if they can. Better to use your goods and/or services and not pay until they have to.
Are you thinking of offering a CFO Consulting service to SMEs? If your answer is yes – have you thought about how to deliver your knowledge gained over many years to your clients?
Anyone can create or build a business. But how do you exit the business successfully?
by Sue Hirst – CFO On-Call The reports that come out of your accounting system tell the final story about how successful your business operations were.
by Sue Hirst – CFO On-Call ‘Overheads’ will not be a new term to most Business Owners. You see them each month or year when you print out a Profit and Loss report from your accounting system.
by Sue Hirst – CFO On-Call End of financial year is a great time to understand how well your business has performed for the past year and what are your targets for next year.
… or Why separate your cash-flow from the Business When asked the key to financial happiness one business owner said – ‘Your net income should exceed your gross habits!’ Jokes aside, I urge business owners to keep their own finances…
By Sue Hirst, CFO On-Call If this or the previous financial year isn’t as good as you’d have hoped, then it’s a good time to start setting a plan to make your next year in business better.
By Sue Hirst – Director, CFO On-Call Have you ever wondered why your business isn’t as profitable as you would like and keeps running out of cash?
by Sue Hirst, CFO On-Call Whether you’re new to business or a seasoned operator, it can sometimes be difficult to know what to focus on.