Today it is becoming more and more common to find Directors of successful businesses who are under 30. These directors are highly driven, passionate about what they do and have great ideas. They also have something else in common, they are not afraid to ask and not afraid to admit to say they don’t know something, what is even better …
“Cash is King”, we have all heard this and when running a business it is critical. Here’s the scary bit… 4 out of 5 businesses fail due to poor cashflow, so let’s see what we can do quickly and easily to help you improve yours. Here are some quick ideas to do just that. Payment Terms Take a look at …
We are regularly asked this question, or we get blank looks when we mention Financial Controllers, so what are they? If you Google, “what is a Financial Controller?” this is what you get, be warned, this is a bit dry…: A financial controller is a senior-level executive who acts as the head of accounting, and oversees the preparation of financial …
At The Sunflower Group we like to think beyond the numbers and look at areas which can directly influence company profitability and are not immediately obvious. Yesterday we attended a seminar on Customer Service. The presentation was very insightful and so we wanted to share some key points with you. Most people know it can be a costly exercise getting …
So, what is a Chart of Accounts (COA)? In a nutshell, it’s the list of accounts that have been set-up in your Accounting Software to record all the different revenues and costs in your business. A well thought out COA can drive real business benefits, it’s not just a means of recording data. A poorly designed COA can hamper the …
