Blogs

1) Not Matching Sales and Costs Correctly: In construction it is likely that you will have projects that span weeks, even months or years. If you are not allocating sales and costs in the correct periods that they relate to, your figures and margins will be...

1) Speed up customer payments: Consider offering discounts for faster payment. It may sound counter intuitive, but if you offer a 2.5% discount and with the cash injection can clear a loan or credit card at 9% then it may be beneficial. Build a system and use software...

🕒 Time Constraints: Running a business demands constant attention and energy, leaving entrepreneurs with little time to delve into the nitty-gritty of cash flow management. However, taking some time to understand and monitor your cash flow can save you from...

Accurate reporting isn't just about crunching numbers; it's a commitment to precision and integrity. It's the process of translating complex financial data into clear, concise, and reliable information that drives informed decision-making. Here's what accurate...

As an experienced accountant specialising in serving clients within the dynamic construction industry, I have witnessed firsthand the challenges and opportunities that businesses face. Today, I want to share some valuable insights on how construction companies can...

Today, I want to shed some light on a crucial aspect of financial management - Cashflow! As an accountant, I've come to realize that having a solid grasp of cashflow can make all the difference in achieving sustainable business growth and success. Let's dive in!...

As an accountant, I have witnessed firsthand the power of making informed decisions in the world of business. In today's rapidly evolving economic landscape, staying ahead requires more than just crunching numbers; it demands strategic thinking and prudent choices....

Carillion PLC was a prominent British multinational construction, facilities management, and maintenance services company that operated for several decades. It was involved in a wide range of high-profile construction projects, including the construction and...

Our decisions are always informed by past experiences, even if only to a small extent. Understanding the relationship between your background and future choices can prove very beneficial. Making decisions is at the core of being an entrepreneur. Your business choices...

Having too many non-paying customers can sink a company. Find out how to avoid this fate. Whenever you work with an invoicing system, you're bound to run into at least a few delayed payments. But the more it happens and the longer it goes on, the harder it becomes for...