In this example, we have received a rental invoice in November, but it relates to the months December – February 2019. Why spread the cost at all? For an accurate Profit and Loss, we need this cost spreading across the months it relates to otherwise November’s rent will be too high, and Dec-Feb [...]
We are offering a FREE Business Review to all of our clients using a system developed by our sister company The Organised Business. You have a growing business and want to ensure that it is growing in the right way. We have the skills and knowledge to assess your current business and offer [...]
Many business owners build their businesses up with the aim of, at some point in the future, selling. If this sounds like you, or is something you would like to think about, there are several considerations that you need to take into account. Reviewing these now will help make your business more saleable and [...]
Introducing two new members of our team. We are pleased to welcome two new team members to Accsys Accountants. James and Cassie join us to help manage our continued growth in 2017. James Hartley James joins us as a Client Manager Assistant and will help our Client Managers in their roles supporting our clients. [...]
Many business owners would love to have too much work. In fact, of all the problems you could face such as lack of cash flow, employee issues, product issues etc; having too much work is pretty low on the list of problems to resolve but it is still a problem. Firstly, the enormous pressure [...]
It’s 4am and you are having a nightmare. In it, you find yourself running down a long dark tunnel. You can’t see your hand in front of your face but you are trying to get moving. You feel this pressure to go forward as fast as you can, but you are conscious that, at [...]
Holiday season is over, traffic is back to normal and we are all back to reality. Holidays are a great time to reflect on your life and assess if things are working out as you had planned. I for one spent a few hours on holiday trying to assess things from a different point [...]
You know how the saying goes... You can't please all of the people all of the time... Sometimes, even with all the best intentions in the world, you are going to let someone down and make a mistake. Most of the time, people are understanding; we are all human after all. Often it’s not the [...]
One of things I find most annoying, is when I take on a new client and they tell me that their accountant has recommended that they use an excel sheet for their bookkeeping. Don’t get me wrong I love spreadsheets. If I didn’t, they would probably throw me out of the institute of chartered accountants. [...]
The most consistently ignored bit of advice I have given, over the last fifteen years, is to people about to go into business together and that is to get a partnership/shareholder agreement in place before they commit to a new venture. I can understand why they ignore it firstly, there is a cost involved and [...]
