I don’t need to tell you that trading online is often a volume business with low margins. The more you sell, the more you make. Also time is against you; when orders come in, the pressure is on to fulfill them. So whilst you know Bookkeeping is essential, it can be a drag and if [...]
We recently moved house and while I was looking through the 100’s of books we had in our loft... I discovered a nursery rhyme book from my childhood and the first rhyme I read started with the line “A man of words and not of deeds is like a garden full of weeds.” That immediately [...]
Ignore us at your Peril I was at a seminar recently, given by a Marketing “Guru” and he was pitching his take on how to get rich, which basically involved learning how to become an expert public speaker, achieved, in part, by buying and attending the course he was selling. And whilst I agreed with [...]
Don't Just Go With Your Gut! This post is about how the right business numbers can help you make decisions. Managing a business is tough, whether your business is growing, is stagnant or declining you still need to make decisions. Decisions that can have a huge impact. I have always been interested in how decisions [...]
Here at Accsys Accountants Ltd, we are also Xero Experts! So here, we have made a simple video to help you. How To Add Paypal To Xero is an easy and informative video to guide you along the way in this process and furthermore, help your business. Please click the video below or watch it [...]
Here’s how we did it. It all started during a recent review with a client where we highlighted, with the MD, an issue that we thought may be causing them problems. Internal problems that they weren’t aware they were having. We had noticed that response time from their finance team was increasing, their cash [...]
Surely no-one can dispute that small businesses are vital for the economy: In 2013, there were 4.9 million businesses in the UK, over 99% of which were small and medium enterprises. Small and medium enterprises employed 14,424,000 people in the UK in 2013. The European Commission’s SME Performance Review estimates the Gross Value Added of [...]
I was at a networking meeting a while ago and sat next to a fellow businessman who, during the course of our conversation said to me, “We are no better than anyone else”! I was a bit taken aback, “how so” I asked, “We have 3 or 4 larger competitors” he elaborated “when we do [...]
As we have seen recently with Volkswagen, big businesses can get themselves in all sorts of trouble. When businesses get big they can lose flexibility, lose control and sometimes lose their moral compass. Once a business is listed it becomes more accountable to its shareholders and the focus can move away from what’s best for [...]
A Bill of Materials (BoM) is a comprehensive, hierarchical list of the quantities of components, ingredients or materials needed to make a finished product. In manufacturing, all components required to manufacture a complete shippable item are listed by part number, description and quantity. The BoM can be used as a picklist of all items issued [...]
