Management accounts are regular financial reports that show how a business is performing. They are usually prepared monthly or quarterly. They help, you as business owners understand your income costs and profit during the year instead of waiting until the end of the year. Management accounts often [...]
In my opinion, when you are looking for a referral or a recommendation, the route it comes through matters more than you might realise. Over the last twenty years, I have observed a clear hierarchy of trust, quality and value depending on where a referral originates. Some recommendations are rooted in [...]
As the calendar turns to 2025, it’s time to write the obligatory ‘let’s get it done in 2025’ blog. So here goes. This time of year is a great time to leave behind the challenges of the past and embrace new opportunities. It’s weird because it’s just another turn of the [...]
At Accsys Accountants, we're always looking for ways to add value to our services and make managing your business easier. That's why we're excited to introduce Dashboards, a new addition to our services that gives you real-time access to your Xero financial data, presented in a clear and easy-to-read graphical format – and [...]
2023 has been a challenging landscape, with small businesses are navigating a sea of complexities. As an entrepreneur, you must be asking yourself: “what are the pitfalls that lead to the downfall of many small businesses?” Awareness and strategic action are key to ensuring your business doesn't become another statistic. This [...]
As you may know my raison d'etre (my reason for being) is to help small businesses and their owners. For anyone who has read my book, The Organised Business, you will know I put this down to the trauma of being raised in a small family business that failed and had [...]
As a business owner and leader, it's easy to fall into your comfort zone. The day to day grind of the many challenges faced by owners can mean that you find yourself stuck in a rut, where growth becomes stagnant and where motivation to push the business forward is low. This [...]
It’s difficult to be optimistic at the moment. So many businesses are feeling the pinch and finding things difficult. It’s the perfect storm of high interest rates, high inflation and high business failures. According to the BBC, insolvencies are as high as they have been since the financial crisis of 2009. [...]
It was with great sadness that I woke up to the news of Matthew Perry passing last Sunday. Like most of us I was glued to Friends in the 90’s, and then again in the 00’s, and again recently as my children discovered it. Chandler was an amazing character, his one-liners [...]
So, you have decided it is the right time to sell. But is your business ready to sell and what can you do to maximise its value? Getting your business ready for sale isn't something to be rushed. It takes some careful preparation to make sure you get the best value [...]
