54. The Three Biggest Large Business Accounting Mistakes

Mistakes help us learn and improve our businesses. While it is impossible for us to never make a mistake, you can limit the errors made by learning from others. Accounting mistakes from large businesses are often highly publicised and so much can be learnt from their experiences. So what are the three biggest accounting mistakes […]

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75. How Can I Squirrel Cash From Somewhere?

Question I am the owner and manager of a boutique executive search consultancy business. The business turns over about £5m and I have half a dozen billing consultants who, like me, are heavily involved in business development. In addition we have a small team of researchers and a couple of support staff. I have a part-time […]

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69. Sage Or Xero – Which Camp Are You In?

Over 20 years ago, this probably wouldn’t have even been asked as Sage was advertising that 80% of accountants would recommend their software over that of their rivals’. The campaign that featured this statistic was so successful that the whole education and training industry focused on Sage technology. This helped Sage consolidate their position as […]

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51. To Employ or Contract Out?

Recruiting and maintaining staff can be one of the most expensive costs for your business. It isn’t just the wages that you need to consider when hiring staff. Making the wrong hiring decision can be disastrous. Therefore, it is important that you consider the hidden or forgotten costs of employing new staff. It is especially […]

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49. Interest rates will rise but when?

In the summer of 2013, the Governor of the Bank of England, Mark Carney, stated that the Monetary Policy Committee would not consider increasing interest rates until unemployment was at 7%.  At the time unemployment was at 7.8% and it was projected to take a couple of years to get down to the 7% target. […]

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47. How do you collect cash owed to you?

A sale is not a sale until you have received the cash.  Agreed? “Cash is King”. Not Shakespeare, I grant you, but probably quoted just as often. Profitability is one thing but it is a lack of cash in the bank that is the most common form of business failure – even for some highly […]

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44. Contract terms – did you read the contract before signing? No, m’lud, they were too long and boring!

What do good contract terms and conditions look like? “And did you read the contract terms before you accepted them?” “No, m’Lud, they looked very long and very boring and life felt too short.” This defence might meet with some sympathy in a dispute over an on-line retail purchase; but in the commercial world, business […]

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