Missed receipts, misclassified expenses, and unbalanced books can lead to a cascade of issues, from costly tax penalties to cash flow crises that could cripple your operations. In this blog post, we’ll pull back the curtain on the true price of poor bookkeeping, highlighting why accuracy is more than just a numbers game - it’s a key factor in long-term success.

Every day, SMEs in the UK confront various challenges, with debt recovery tipping the list. Recent research reveals that UK small businesses are currently owed a staggering £32.1 billion in late payments. Efficient debt recovery is crucial for maintaining a healthy cash flow and ensuring business sustainability. This blog post aims to guide UK SMEs through the best practices for efficient debt recovery, supported by real-world insights.

Late payments are a common occurrence in the business world, affecting cash flow, relationships, and ultimately, the survival of a company. This blog post discusses the challenge of late payments, offering unique insights and practical tips to help you navigate and mitigate this pervasive problem.

​Running a small and medium-sized enterprise (SME) is like riding a roller coaster – thrilling, but with its fair share of ups and downs. One of these challenging parts is accounting. Accounting mistakes, often underestimated, can be a silent killer for SMEs. We discuss 9 common SME accounting mistakes and ways you can avoid them.

If you run a small-to-medium-sized (SME) business, there's a valuable ally you might want to consider bringing aboard–a financial controller. In the following extensive blog post, we're embarking on a thorough exploration of financial controllers–their vital responsibilities, their profound importance, and the tangible impact they wield within the realm of SMEs.

As a small and medium-sized enterprise (SME) owner, you know how important it is to keep your business's finances in check. But how do you actually do that? One way is to monitor key performance indicators (KPIs) that give you a good picture of your business's financial performance. By regularly tracking your financial KPIs, you can make smart decisions for your business, spot areas that need improvement, and make sure your business is making a profit and can last long-term.

Cash flow is one of the most important tasks to get right for the financial health of any business. With effective cash flow management, companies can create a steady flow of capital to ensure that the essential needs of running an organisation are met. So, without further ado, let’s get started.

It's difficult to deny the importance of properly managing your company's money. A study by CBInsights revealed that 38% of new enterprises fail because of a lack of capital and the inability to acquire further funding.

Many business owners I talk to don't have a problem growing their business, they have a problem managing that growth. Often when a business grows rapidly without being prepared it can lead to strains on the owner’s time, stretched resources, unhappy and disengaged employees and pressure on the finances of the business.

Having good financial management is a must for any business. In addition to preparing and understanding your budget, it is also essential that you monitor your cash flow. If you don’t manage it well, you can run out of cash to pay the bills. Pan Am Airlines, for instance, was once a high-flying brand.