It never fails to amaze financial professionals in companies how little some directors or shareholders actually understand the foundation records of financial accounts – viz. The Balance Sheet. Similarly it is equally true that people on the governors or executive overseeing bodies of the public sector have a similar problem of translating the figures they see onto the reports to know understand how the business is working. [Read more...]
Managing business cash flow problems
August 17, 2011 By
Cash flow difficulties can happen to all companies at some time or another, an d some years this can happen to most of them . Small businesses that have a good product or successful services can still find themselves near to insolvency through failures to spot weaknesses in their systems and lack of expertise in predicting difficulties before they happen. This may be acquired through experience, though if the company collapses it will be too late. [Read more...]
Managing a Business Bank Account
August 2, 2011 By
It is important to keep within the terms and conditions that have been agreed for your business account or accounts – if your business grows or situations change then you may need to look at different services or products. If there are problems in running the account then the first action needed is to talk to the Business Banking Manager rather than just going ahead and exceeding an agreed overdraft or other credit limit. The business account should not be allowed to go over any agreed overdraft limit with having prior agreement. [Read more...]