Cashflow and Cost Control

Cashflow and Cost Control

More than ever, cashflow is a vital part of staying afloat, whether your business is in recovery or growth mode. Revenue, profit and your bottom line will all resume their importance when we’re back to “normal” (however that’s…

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Understanding your Statement of Cashflows

Understanding Your Statement of Cash...

The statement of cash flows, (also known as the cash flow statement), shows how your business has generated and used cash (and cash equivalents) within a specific time period. For each of the reporting categories, receipts and payments…

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Debt Recovery Explained

Debt Recovery Explained: A Guide...

Businesses go under, not only because they lose clients, contracts but in most cases because they ran out of cash—money which, when available, would have led to a different outcome. Yet, before contracting a third party to recover…

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Small Business Accounting

Struggling with Small Business Accounting?...

Struggling with Small Business Accounting? Check Out these Steps to Simplify Not a secret anymore, COVID-19 has turned our lives upside down for the better part of last and partially this year. To cushion this, we reach out…

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Focus on Profits or Cashflow

Should I focus on profits...

Should I focus on profits or cashflow? Turning a profit is at the heart of running any successful company. But should profits be the only financial focus if you’re looking to create a stable, long-term business?   Cashflow…

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Financial Management

Financial Management Goals for Your...

Financial Management Goals for Your Small Business By now, we all know about the giant company Apple who were on the verge of bankruptcy but was bailed out by rival company Microsoft. Chrysler is another example.   Through…

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Debtors & Creditors

Everything you need to know...

Everything you need to know about Creditors and Debtors As much as two terms may seem simple and easy to remember, understanding the debtors and creditors concept is a quandary. Ernest & Co Accountants is here to help…

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Business After Brexit

Business after Brexit

Business after Brexit For the last couple of years, there was uncertainty over the Brexit deal. Well, the confusion is now over as it is here with us. What now? Is it business as usual? Small to medium-sized…

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