Why business owners should start using KPIs to drive success As a small business owner, it’s easy to get caught up in the day-to-day operations and miss the bigger picture. You might rely on gut feelings or a quick glance at your bank account to determine how well your business…
Keeping your accounting records up-to-date can feel like a chore, but when your bookkeeping is kept up-to-date, you and your business can gain some significant benefits. Let’s review a few: Financial clarity Regular bookkeeping ensures that your business’ financial transactions are accurately recorded, categorised, and updated regularly. Having up-to-date information…
Ministers to review late payments to small businesses Earlier this month, the Business Secretary, Grant Schapps announced a Government review into tackling late payments for small businesses, while also urging large companies to pay their smaller suppliers promptly. Small businesses routinely suffer from late payments from businesses they supply, which…