Writing this in Week 20 of Covid-19 Lockdown (early August 2020) we continue to see budgets being squeezed and headcounts under pressure. And this is only going to get worse as we emerge from Lockdown and the furloughing scheme is phased out. We have consistently been drawing attention to the benefits of outsourcing; after all, […]Continue reading
Category Archives: Tectona Ten – Managing the Day to Day
How you managing the day to day operations of your business? Here are some tips to help you manage your business.
114. Coronavirus Resource Bank – A Practical Summary of the support available
(And updated Wednesday 15th April 2020) In this article we pull together the key things you should be thinking about as you steer your business through these uncharted waters. Time and again, we have seen that it is rarely sensible to implement rash decisions. You should do what is necessary to mitigate the effects of […]Continue reading
111. What sort of person does it take to be a part time Chief Financial Officer (CFO)
What does a CFO actually do? A good part time CFO will focus on providing high level, value-added strategic financial advice to businesses. By the very nature of the part time role, the businesses that benefit most will be primarily at the smaller end of the SME spectrum from start-up, through growth and on to […]Continue reading
91. Solving the currency conundrum
It is tough to predict and anticipate currency fluctuations at the best of times, but the events of 2017 so far have arguably rendered attempts even more difficult. Indeed, at the start of the year, Donald Trump was inaugurated as the 45th President of the United States of America, Marine Le Pen got to the […]Continue reading
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 […]Continue reading
66. 5 Handy Bits Of Software That Can Improve Financial Control Of Your Business (Tectona Bulletin No. 66)
When it comes to running your business you need to ensure the financial side is efficient. Poorly managed finances can be disastrous to your financial safety and has often been the main cause of collapse of a business. Other than the main 2 specialist finance packages – Xero and Sage – there are a number […]Continue reading
62. Improving The Financial Literacy Of Your Team: Who Benefits?
It is a sad truth that the majority of people are financially illiterate; just consider those who pay £1.50 charge to withdraw £10 once a week from a cash machine when they could withdraw the same amount for free from the correct ATM. Or those who borrow money from payday loan companies because it’s money […]Continue reading
60. What To Do About Janet? Dealing With A Dinosaur Bookkeeper (with apologies to any Janets out there)
Today’s modern world is changing and it is often thanks to advances in technology that we see some of the greatest benefits to our lives and businesses. Technology is empowering businesses to achieve what they want far more efficiently and one area which is changing a lot is accounting. Cloud accounting is a powerful tool […]Continue reading
59. Cloud Accounting Systems: Pros, Cons and the Five Rising Stars
Cloud computing is one of the rising stars of business IT services. Being able to store and use systems remotely, accessible from anywhere can save businesses many hundreds of pounds in software licence fees and time transferring information. One of the best applications for our clients is cloud accounting systems. They are incredibly useful in […]Continue reading
42. A dashboard – as important to your business as to Lewis Hamilton
“The journey of a thousand miles begins with a single step.” However, if you don’t know your starting position, the journey may be considerably longer. For a business, this means knowing your most vital operating information. As your time is limited and information is not free, you need to identify the minimum facts about your […]Continue reading