Turnover is Vanity, Profit is Sanity and Cash is Reality

I’m sure you’ve heard this saying before and it’s quite prevalent in today’s times. No doubt, as a business owner you have learned a lot recently on how fit-for-purpose your finance function is within your business. COVID-19 has put many businesses on the brink of closing down and keeping a close eye on financial performance…

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Scenario planning and cash flow forecasting: How to plan for uncertainty

On Tuesday 8th September, we hosted a webinar covering the most important aspects of cash flow forecasting, including how to plan for uncertainty, making realistic assumptions and why planning is likely to be imperative to your business’ future success. Our panellists included UHY Hacker Young Cloud Accounting Specialist Emily Deakin, UHY Managing Director Dave Hailey,…

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Float – cash flow forecasting software

We are excited to announce that we have partnered with Float to offer a real-time cash flow forecasting solution. Say goodbye to the complicated cash flow spreadsheet! Float is an award-winning cash flow forecasting software that integrates with Xero, Quickbooks and Free Agent to provide a real-time, visual view of your cash flow. Your accounts, transactions, invoices…

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Make Your Cash King

The construction industry is a volatile one and everyone knows cash is king… Or do they?   Unfortunately it is all too often that I hear business owners (across all industries) obsessed with their turnover and I find myself constantly repeating the old adage ‘turnover is vanity, profit is sanity, cash is king!’   This…

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Using online invoicing to improve cashflow

online invoicing

Invoicing, by it’s very nature is one of the most important elements of any successful business. No matter how good your products or services, no matter how strong your sales team, if your invoices aren’t issued timeously and accurately, as well as being paid on time, all your efforts could be wasted. Invoicing, by it’s…

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Budgeting – managing various parts of the business

Business budgeting has long been acknowledged as one of the fundamental keys to sound financial management. Granted, some very small businesses may only ever produce a budget under pressure, or to obtain funding from a bank, but as businesses grow then accurate and up to date budgets become extremely useful indicators of how well (or…

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