When you first start out in business, having access to finance will be fundamental to your success. And being able to borrow funds, or attract investment, will be dependent on you having a good business credit score and a healthy credit profile as a business. But...
It’s easy to believe that a new stock system will be your time-saving hero—wave goodbye to chaos and hello to seamless stock control. And sometimes, that’s true. If you’re moving from spreadsheets, paper dockets, or a clunky legacy system, a good stock system can...
The foundational goal of any business is to make a profit. As a business owner, that’s one of your key financial aims – to make enough sales, at a big enough margin, to generate profit from your enterprise. But how does profit differ from cashflow? And why is cash...
For small business owners, the UK balance sheet is more than just an obligatory statement—it’s a critical document that clarifies your company’s short-term liquidity and long-term viability. In the UK format, the balance sheet typically follows a straightforward...
To understand the financial position of a business at a specific point of time, look at the balance sheet. The balance sheet may also be called the statement of financial position. Together with the Profit and Loss Statement, and possibly other reports such as the...
