Understanding Your Balance Sheet

To understand the financial position of a business at a specific point of time, look at the balance sheet which may also be called the statement of financial position. Together with the Profit and Loss Statement, and possibly other reports such as the Statement of...

What are your business goals for the year ahead?

The beginning of a new calendar year is an excellent time to review last year and reflect on what worked, what didn’t, what you’d like to change and new things you want to implement. Take the time to review the year and acknowledge all that has happened, good, bad or...

Why a bookkeeper is essential for your small business

As a small business owner, you might find yourself wondering whether you need a bookkeeper, an accountant, or perhaps both. The roles of bookkeepers can sometimes seem a bit mysterious, but they are crucial to the smooth operation of any business. Bookkeepers are...

Planning for seasonal dips in income

Seasonal dips in income can be highly challenging when you’re a small business. But there are proactive ways to predict, plan for and overcome these dips in revenue. The key to dealing with seasonal dips is to know when they’re most likely to occur, and to have...

Is your business model still fit for purpose in 2024?

Is your business model as solid and future-proof as you think it is? Small businesses face a number of challenges in 2024, with the business environment, globalisation, technological change, and difficult economic conditions all playing a part. However, with...