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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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Should you outsource your finance function?

It has often been a debate with small to medium sized businesses (SMEs) whether to outsource their finance function. Whilst we are still in the throes of the coronavirus pandemic, now maybe the perfect time to consider whether outsourcing is the right solution for your business. The finance function is an incredibly important part of…

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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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Navigate through change

Change and the ‘new normal’ have been the buzz words recently. But what does that really mean for your business? During this period, the majority of us have had to change many things in our day-to-day life, like working from home, our work routine or even when we go to the shops. However, due to…

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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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10 smart moves to reduce the time you spend on accounting

Accounting is a huge bugbear for most small business owners. Already challenged with all the things they need to do to make sure that existing customer demands are satisfied, that there are sufficient new customers in the pipeline, they often find themselves leaving accounting to the last minute. For many people, before they set up…

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Dealing with small business bookkeeping

  Like it or not, bookkeeping is an essential part of running a successful business; big, or small. Many small business owners start out by doing their bookkeeping themselves and then perhaps progress to employing a part-time bookkeeper as their business grows. Quite often, as businesses continue to grow, a bookkeeper might even become a…

Smart accounting from The Smart Accountants

Smart accounting means more customers

For anyone setting up or running a small business, having a steady stream of customers or clients is what makes the difference between survival and real success. But prospecting for clients, customers, buyers, call them what you will, takes time and focus. And sometimes time is a real issue for small business owners. It’s all…

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Helping you accelerate your business success

Most small business owners who’ve already started their journey, admit to being shocked from time to time about how different the reality of running a business is compared to the dream they had before. No matter how hard you prepare yourself for the reality of running a business, late nights spent doing bookkeeping and trying…

The Smart Accountants