View The Importance of Business Forecasting

The Importance of Business Forecasting

Business forecasting is an integral part of your business plan. As part of this, financial forecasting may be required for a number of reasons: If you need funding to start up or grow, then all lenders will assess your forecasts. Seeking out a potential business partner will be made all the easier with a set…

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View Common Cash Pitfalls for Business Owners to Avoid

Common Cash Pitfalls for Business Owners to Avoid

Cashflow matters at all stages of business ownership. Whether you are trying to get a new business venture off the ground, or you’ve been in business for years, it is common to run into cash problems that can drain your company account. However, these problems can be avoided if you are practical with your financial…

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View Four Reasons Successful Businesses Borrow Money

Four Reasons Successful Businesses Borrow Money

It’s common for a business to be in some form of debt and borrowing money to make money isn’t a new idea. Here are four reasons why borrowing money for business is not just a fact of business life but a smart choice. 1. Costs need to be paid  Every business needs some form of investment before it can begin trading. This could be something as…

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View Key Performance Indicators and why they’re good for any business

Key Performance Indicators and why they’re good for any business

In this blog we would like to share with you some tools that Management Accountants use which will help you analyse your own business success, giving you the information needed to plan for growth and to measure business performance. Too many businesses chug along on a day-to-day basis without being very clear on where they…

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View Why do you need an Accountant?

Why do you need an Accountant?

Before considering how to operate with your accountant, it’s probably a good idea to consider why you would want or need to work with an accountant in the first place. When you set up in business you will suddenly find yourself with a raft of tax and accounting requirements. At the very least you’ll probably…

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View Increased number of UK SMEs setting up in Ireland

Increased number of UK SMEs setting up in Ireland

According to data from business and credit risk analysts, CRIF Vision-net, 5,010 start-ups formed in Ireland in the last quarter of 2019, despite the uncertainty surrounding the UK’s impending departure from the European Union (EU). The UK vote to leave the EU is the largest and most immediate challenge facing Irish SMEs, however this figure…

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View Save time & money – Outsource your financial management

Save time & money – Outsource your financial management

An increasing number of start-ups & SMEs are able to scale up whilst keeping a careful eye on overheads through outsourcing financial management functions. Most commonly routine finance and accounting services such as payroll and bookkeeping are outsourced, but increasingly other areas of finance can also be successfully outsourced. Outsourcing finance functions helps companies to…

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View Financing and Non-financing solutions for SME cashflow problems

Financing and Non-financing solutions for SME cashflow problems

Whatever phase your business is in, it is all too common to run into cashflow challenges.  Seasonal fluctuations can be tough (think about customer patterns around the end of year and in the summer holidays) and can often herald slow sales and late payments for SMEs whether B2C or B2B. Additionally, many business owners have…

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